Bitcoin (BTC) is trading under pressure at the time of writing on Monday, as digital assets across the board extend their correction following a turbulent week.
Bitcoin (BTC) price falls below the $75,000 mark on Monday, having corrected nearly 11% in the previous week and reaching level not seen in nearly 10 months. Market momentum has clearly turned bearish, with technical indicators pointing to further downside toward the next key support at $70,000.
Bitcoin (BTC) price is inching closer to the key $90,000 psychological level on Wednesday after rebounding 3% so far this week. The institutional demand for BTC signals cautious positioning as spot Exchange Traded Funds (ETFs) recorded mild outflow on Tuesday.