Mr. Amin

06/10 23:58

BTC Price Outlook: Trade News and ETF Flows BTC

BTC Price Outlook: Trade News and ETF Flows

BTC slid 3% on June 5, following a 0.65% loss on Wednesday to close at $101,616. Despite the reversal, BTC avoided a drop below the key $100,000 support level.

The near-term price outlook depends on legislative updates, the US Jobs Report, Fed policy signals, trade developments, and ETF flows.

Potential scenarios:

Bearish Scenario: Increasing trade tensions, legislation setbacks, a weak US Jobs Report, hawkish Fed rhetoric, and ETF outflows could drag BTC below the 50-day Exponential Moving Average (EMA) and $100,000.

Bullish Scenario: Easing in trade tensions, lawmaker support for crypto bills, a strong US Jobs Report, dovish Fed cues, and ETF inflows could drive BTC toward the record high of $111,917.

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