POSSIBLE BTC drops below $90,000
2024-11-29

Bitcoin Price Forecast: BTC drops below $94,000, temporary dip or the start of a sell-off

Bitcoin failed to reach the $100K milestone on Friday, leading to a 6% price pullback and falling to a low of $90,791 until Tuesday. The recent retracement could be clearly seen as a decline in institutional demand this week. According to Coinglass ETF data, US spot Bitcoin ETFs experienced an outflow of $122.80 million on Tuesday, the second straight day of outflow. If this trend persists or accelerates, it could further extend the ongoing decline in Bitcoin’s price.

