Bitcoin Weekly Forecast: Will BTC decline further?

Bitcoin declined slightly at the start of the week, a move that could be related to lower inflows into US spot Bitcoin ETFs, which signals lower institutional demand. The fall in institutional demand can be clearly observed by comparing week-on-week inflow data from Coinglass.


Bitcoin price today: BTC is down 0.12%

Bitcoin’s all-time high was on March 14, 2024, trading at $73,750.07 per bitcoin. The lowest intraday price that the crypto traded in the past year was $26,558.32 on Oct. 12, 2023. The original crypto …