Bitcoin price clear for new record high as GBTC outflows drop to $170M

Bitcoin faces its "biggest headwind" in the form of GBTC outflows, but the good times could be back for BTC price action after next week, predictions say.The United States Spot Bitcoin exchange-traded funds have been at the center of attention for arguably the wrong reasons this week.

“According to this new model I've been playing with, the worse of the sell down in this first phase of the consolidation may be over,” he commented.Pseudonymous commentator WhalePanda agreed on the outlook. “Now we'll most likely have a sideways weekend and potentially consolidate a bit more next week before the path up to new ATH,” he wrote.

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