Test

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-faces-decline-after-failing-65000-test" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Faces Decline After Failing $65,000 Test</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/the-latest-situation-in-bitcoin-and-altcoins" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) has retracted to $52,000 after failing to break through the $65,000 resistance level. This downturn has primarily been attributed to substantial losses in the US <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">stock market</a>. Investors and analysts are now scrutinizing Bitcoin charts and order book data to predict whether a recovery is imminent.</p>
<h2 id="bitcoin-etf-data-insights">Bitcoin ETF Data Insights</h2>
<p style="text-align: justify">The approval of Bitcoin ETFs was initially seen as a landmark moment for cryptocurrency investment, especially among traditional market investors. However, after a promising start in terms of net inflows during the first quarter, the enthusiasm has waned, resulting in flat total net inflows. WhalePanda, a well-known figure in the crypto community, highlighted ongoing negative ETF flows, reporting a total weekly outflow of $706.1 million.</p>
<blockquote>
 <p style="text-align: justify">“Yesterday’s Bitcoin ETF flows were negative again, with $170 million out. Fidelity saw an outflow of $85.5 million, GBTC $52.9 million, and Bitwise $14.3 million. The price fell below $53,000, lingering at $54,000.”</p>
</blockquote>
<h2 id="bitcoin-broad-analysis">Bitcoin Broad Analysis</h2>
<p style="text-align: justify">Analyst Marco Johanning presents a comprehensive Bitcoin price chart and heat map, emphasizing the significance of the 0.786 Fibonacci level. He points out the critical risk zones at $49,000 and $44,000 if Bitcoin drops below $52,000, suggesting that excessive selling might lead to a new dip. The heat map also indicates a potential drop to $40,000 if the next liquidity cluster between $44,000 and $49,000 is breached.</p>
<p style="text-align: justify">“The next liquidity cluster lies just below Black Monday’s lowest point. Could ‘Rektember’ push BTC into the 40s? Yes, though it might just be a deep retracement typical in crypto cycles. I’m sticking to my strategy and have positioned my orders around Black Monday lows, anticipating a better Q4.”</p>
<h2 id="actionable-insights-for-investors">Actionable Insights for Investors</h2>
<p style="text-align: justify">Before concluding, here are some practical takeaways for investors:</p>
<ul style="text-align: justify">
 <li>Monitor ETF flow data regularly to gauge market sentiment.</li>
 <li>Pay attention to critical Fibonacci levels for potential support and resistance zones.</li>
 <li>Consider setting limit orders around historical low points for strategic entry.</li>
 <li>Stay informed about broader market trends and stock market impacts.</li>
</ul>
<p style="text-align: justify">In conclusion, while the Bitcoin market faces volatility, understanding these key factors can help investors navigate the current landscape and prepare for potential recovery phases <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">in the near future</a>.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/bitcoin-faces-decline-after-failing-65000-test" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Faces Decline After Failing $65,000 Test</a></h5>

Bitcoin Faces Decline After Failing $65,000 Test

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