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BTCUSD Tests Support as Institutional ETF Outflows Spike

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The Story

News Summary

  • Bitcoin faces downward pressure from record ETF outflows and macroeconomic uncertainty.
  • Despite immediate risks, Standard Chartered analyst Geoff Kendrick views the current price levels as a significant long-term buying opportunity, maintaining a bullish year-end outlook as Bitcoin tests historical support near its 200-week moving average.
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BTCUSD price history

76936.28 +16.78% over the displayed period

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