Bitcoin Technical Outlook: BTC Approaches $70K-$72K Support as ETF Flows Cool
Bitcoin has slipped below the $75K-$76K support zone and is trading with a bearish structure after repeated rejections near the descending 200-day MA around $80K-$81K. Price is now nearing a clustered support area around $70K-$72K, where trendline support and the 100-day MA near $73K could trigger a short-term reaction. Spot Bitcoin ETF cumulative inflows have flattened, suggesting softer institutional demand as BTC struggles to hold rallies above $80K-$82K.