Bitcoin Risks 7% Dip to $72K as BTC Demand Weakens and Bears Return
Bitcoin (BTC) has fallen 6.5% from its recent high above $82,000, as a bearish technical structure, weakening demand, and increasing sell pressure now point to the risk of further losses ahead. Key takeaways:BTC price risks a drop toward $72,000 as bearish momentum strengthens on higher time frames.Binance BTC inflows tripled in under two weeks, signaling rising sell pressure and weaker investor confidence in the market.Bitcoins apparent demand fell to 2026 lows, raising risks of deeper losses if spot demand fails to recover in the coming weeks. Bitcoin bears eye BTC price drop to $72,000 Bitcoins failure to hold above key support levels suggested buyers were unable to sustain the upward momentum. “$BTC has officially lost the 100 & 50d EMA,” analyst CryptoJelleNL in a recent post on X, adding: “The local market structure is back to bearish.” “Bitcoin lost its bullish impulse exactly when macro sharply deteriorated,” fellow analyst Axel Adler Jr in a Sunday X post, adding: “The market looks risk-off, and every BTC bounce remains unconfirmed.” The rejection at $82,000 coincided with the upper trend line of an ascending parallel channel, which has capped BTCs price action since early February. The chart below shows that every time the price has been rejected from this trend line, it