Bitcoin holds near $83,600 as ETF outflows and geopolitical risks weigh
- —Spot Bitcoin ETFs saw $681.1 million in net outflows last week, snapping a three-week inflow streak
- —BTC fell 3.19% last week after rejection at the 50% Fibonacci level of $87,823
- —Trump announced an "energy ceasefire" between Russia and Ukraine, but Zelenskyy said he was unaware of it
- —Immediate support sits at the 50-day EMA near $80,191, with resistance at $85,000
Why it matters: Continued ETF outflows and geopolitical risks could deepen BTC's correction toward $78,000–80,000.
Source: FXStreet Crypto