Bitcoin price prediction: Will resistance break or BTC keep sliding?

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Bitcoin slides 3.46% today to $68,000

Highlights

Spot Bitcoin ETFs saw significant net inflows of $917 million earlier this week, reversing to $228 million in outflows on Thursday as institutional demand remained active.
Institutional investors accumulated 13,000 BTC since February while miners sold over 15,000 BTC due to profitability pressures, with Strike expanding its presence via a New York BitLicense.
Bitcoin remains under broader bearish momentum with technicals signaling persistent selling; price is likely to fluctuate between $61,200 and $74,800 over the next week.

ETF inflows reverse as miner selling and policy shifts weigh

Spot Bitcoin exchange-traded funds (ETFs) recorded substantial inflows of approximately $917 million earlier in the week, followed by outflows of about $228 million on Thursday, ending a three-day streak of positive inflows. Institutional investors accumulated over 13,000 BTC since the end of February, while miners collectively sold more than 15,000 BTC due to declining mining profitability. Developments continued in the regulatory landscape, with Strike securing a New York BitLicense to expand Bitcoin-related financial services in the state. Market activity unfolded amid ongoing geopolitical tensions in the Middle East and changes in US policy debates, though price action has remained under broader selling pressure.

Bearish momentum persists as intraday selling strengthens trend

Momentum remains negative on both the daily and weekly timeframes, as indicated by the Strong Sell forecast on MACD and persistent selling signals from the ADX. The daily RSI is neutral to weak at 46.48 and moving lower, while Stochastic RSI sits mid-range and the CCI shows modest buying. Bull/Bear Power confirms sellers’ dominance, with an Overbought reading likely reflecting recent failed attempts by buyers to reverse momentum. The Awesome Oscillator is positive and supports any short-term bounce, but the broader selling is confirmed by the day’s $2,435.66 or 3.46% decline. Little gap existed between the previous close and today’s open. The price now trades near today’s low, indicating high intraday volatility and persistent pressure following the open. There are conflicting signals from some oscillators, but overall, the intraday move is in line with the broader bearish momentum.

Further downside risk as low breakout odds constrain outlook

For the next five trading days, expect the price to fluctuate between $61,200 and $74,800. There is a very low probability (less than 20%) of a sustained price increase, making a further decline the more likely path. In the baseline scenario, Bitcoin consolidates sideways within this volatility band relative to current levels as sellers dominate but buyers find some support. If immediate resistance at the Ichimoku Kijun is overcome and bullish signals strengthen, a move above $74,800 is possible, while renewed selling could trigger a drop toward $61,200 or lower.

Anton Kharitonov, expert at Traders Union, sees Bitcoin stabilizing in the short term but under heavy bearish pressure on larger timeframes. He highlights persistent negative signals in both technical and sentiment factors, with institutional inflows unable to offset increased miner selling and macro uncertainty. The analyst notes that price is likely to consolidate, with downside risk unless resistance is forcefully reclaimed. "Unless Bitcoin clears $68,280.14 with strength, I see sellers maintaining the upper hand and would remain defensive in the current environment."

Previously it was reported that Bitcoin’s recent recovery rally stalled amid ETF outflows and macroeconomic uncertainties, causing a sharp pullback below key resistance. Technical indicators point to volatility with the spot price struggling to hold above support while institutional flows and sentiment remain closely tied to shifting market and macroeconomic conditions.

Source of Data: BTC Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.