BTC price dip hits 17.5% as week’s Bitcoin ETF net outflows near $500M

Bitcoin bulls brace for macro turbulence with the BTC price correction passing $12,000 versus recent all-time highs.

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Bitcoin (BTC) threatened a fresh breakdown through $61,000 on March 20 as analysis warned that support could “crack.”

Data from Cointelegraph Markets Pro and TradingView tracked another night of BTC price losses, these so far bottoming at $60,760 on Bitstamp.

Now down 17.5% versus its all-time highs, BTC/USD continued to field selling pressure thanks to several key headwinds.

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