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Bitcoin Price Eyes $70000 Rebound As On-Chain Metric Hints End of Correction

source-logo  coingape.com 23 June 2024 17:35, UTC

The Bitcoin price prediction indicates reduced volatility over the weekend, as evidenced by Doji candles on the daily chart. The easing selling pressure has stalled the correction trend in altcoins, with many revisiting their crucial monthly support levels. However, with BTC experiencing continuous outflows from the U.S. listed ETFs and miners capitulating, the selling pressure could potentially drive the asset below $60,000.