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Crypto

Bitcoin Price Tumbles Amid $18M Daily Outflow in Bitwise ETF

Guavy AI Editorial Team
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BTC
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Bitcoin's price sits at $84,345.61 just below its 50-day exponential moving average (EMA) of $83,499.48. The EMA200 holds as longer-term support at $79,382.48.

The MACD death cross confirms bearish momentum with a value of -154.64. Meanwhile, the relative strength index (RSI) remains neutral at 46.64 and price is within the Bollinger Bands with upper resistance at $85,160.16 and lower support at $82,568.83.

The Bitwise Bitcoin ETF ($BITB) has seen an outflow of $18.1 million in its latest daily flow data from Farside Investors.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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