Bitcoin Remains Cautious Under $70K Amid Limited Demand

Bitcoin's price is likely to hover between $60K and $72K due to weak demand and institutional selling, analysts predict.

Bitcoin is currently defending its position below the $70,000 mark as a lack of robust demand restrains significant upward movement. Analysts predict that the cryptocurrency will likely fluctuate within a range of $60,000 to $72,000.

Overhead selling pressure combined with outflows from institutional investors is contributing to the limitations on price rallies, suggesting that the market may take time to regain momentum.