COINOTAG News reports that Banmuxia, a Chinese crypto analyst, shared a measured view on Bitcoin via social media, arguing against a persistent bullish stance in the near term while acknowledging only modest downside risk. The tone signals a transition to a more data-driven, ranges-bound phase for now.
Looking ahead, the analyst warns of a potential March or April correction, contingent on macro triggers and heightened volatility. A notable risk would be significant ETF outflows, which could pressure BTC toward the $80,500 level or lower toward $71,000, though such outcomes are deemed unlikely in a base case.
Current price action shows Bitcoin price volatility narrowing, suggesting a breakout could occur as liquidity shifts. Traders should maintain disciplined risk management and monitor the evolving crypto market outlook, especially movements around BTC price levels in the near term.
Source: https://en.coinotag.com/breakingnews/bitcoin-price-outlook-march-april-correction-looms-as-etf-outflows-could-push-bitcoin-below-80500-even-71000-ahead-of-a-breakout
