---
title: "Bitcoin’s repeating bearish engulfing trend and spot ETF outflows boost odds of sub-$60K BTC"
url: https://diffcoin.com/bitcoins-repeating-bearish-engulfing-trend-and-spot-etf-outflows-boost-odds-of-sub-60k-btc/
description: "Repeat bearish engulfing candles near range highs and Bitcoin’s inability to flip $70,000 to support are possible signs of an incoming correction Source link"
published: 2024-10-23
updated: 2024-10-23
author: "Mila"
site: "Diffcoin"
---

# Bitcoin’s repeating bearish engulfing trend and spot ETF outflows boost odds of sub-$60K BTC

Repeat bearish engulfing candles near range highs and Bitcoin’s inability to flip $70,000 to support are possible signs of an incoming correction

[Source link](https://cointelegraph.com/news/bitcoin-bearish-engulfing-chart-hints-at-sub-60-k-concerns?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)