Will Bitcoin lose $72K support as it enters a bearish channel amid ETF outflows?
The post Will Bitcoin lose $72K support as it enters a bearish channel amid ETF outflows? appeared on BitcoinEthereumNews.com. Bitcoin has entered a bearish channel after slipping below key support levels as ETF outflows, rising oil prices, and renewed geopolitical uncertainty weighed on market sentiment. Summary Bitcoin has fallen into a bearish channel as more than $2.4 billion exits spot ETFs, and traders defend the key $72,000 support zone. Rising oil prices above $90 and renewed U.S.-Iran military tensions have added pressure to risk assets, including Bitcoin. Analysts warn that a break below $72,650 could expose Bitcoin to further downside, with the next major demand zone between $54,300 and $51,000. According to crypto.news data, Bitcoin (BTC) traded near $72,700 at press time after briefly falling toward the $72,600 region during early Monday trading. It remains down nearly 1.5% in the past 24 hours, 6% over the past week and 10% from May highs near $81,000, placing the crypto