Bitcoin Price Drops to $63,000 as ETF Outflows Continue

4 days ago 5

Key Takeaways

• Price now tests the 50-day SMA.
• ETFs posted three straight outflow days.
• Losing $63,275 would expose $62,000.

The July 28 candle shows Bitcoin trading near $63,350 at the time of writing after falling as low as $63,000. That places price almost directly on the 50-day simple moving average at $63,275.

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