Bitcoin price has formed a highly bearish pattern that hints at a potential crash to $60K as both institutional and retail confidence continued to erode in the legacy crypto asset.
Summary
- Bitcoin price is at risk of more downside after forming multiple bearish patterns.
- Searches for “Bitcoin going to zero” have hit an all-time high.
- Nearly $4 billion has left spot Bitcoin ETFs over past 5-weeks.
According to data from crypto.news, Bitcoin (BTC) price fell to an intraday low of around $65,700 on Thursday before bouncing back above $67,000 at press time. At this price, it remains 15% below its February high and down over 46% below its all-time high.
On the…
