📉 Bitcoin Could Drop to $72,000 — Analyst Warns
If BTC fails to hold the $100,000 level, a correction down to $72,000 could occur in the coming months, warns CryptoQuant analyst Julio Moreno.According to him, since the October 11 crash, spot demand for BTC has been steadily declining. Key factors include:
Outflows from Bitcoin ETFs,Falling Coinbase premium,Bull Score Index at just 20 points — the bear market zone.Data from Hashdex also shows pressure from Fed rate expectations and long-term holder sell-offs.However, institutional players continue building infrastructure, meaning the chances for a new ATH are still on the table.Crypto News Shark
Profit Shark
