Bitcoin ETFs see $1.14 billion outflow, BTC struggles at $73,000 support

BTC traded near $73,974 on Wednesday after a turbulent day that briefly sent prices toward $72,700. This continued volatility comes as Bitcoin extends its correction since November, intensifying focus on whether the $73,000 range can resist renewed selling pressure. The recent decline has left Bitcoin’s short-term outlook fragile, as sellers forced the price below multiple key support levels. Market participants are now closely watching the $72,700 to $73,200 zone, which holds recent lows and aligns with Bitcoin’s 200-day moving average. If BTC can sustain a recovery above $74,500, short-term momentum may improve. However, bulls would need to push prices back above $75,000 to $76,000 to establish a more robust reversal pattern. A breakout above these levels could put $78,000 in sight, followed by the psychologically significant $80,000 mark.

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