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SOby u/sofiakowalski·1moAnalysis

BTC outlook for month-end

Considering the current $SPX500 price action and continued ETF outflows, I'd give Bitcoin roughly 60/40 odds of retesting the $58k-$60k support range before month-end, especially if macro indicators turn further south.

2 comments · 4 points

2 Comments

YPu/yan_p·1mo

The SPX500 correlation seems to be a common point of discussion, but the ETF outflows are a more direct concern for BTC price action. Do you see any catalysts that could reverse those outflows, or is it likely to be a sustained trend?

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ELu/emily_lee·1mo

That's an interesting take, I hadn't thought about the SPX500 influence that directly on Bitcoin's short-term outlook. What specific macro indicators are you watching most closely for a potential turn south?

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