Bitcoin Price Forecast: Hotter-Than-Expected US Inflation Drags BTC Below $74,000 as Bulls Eye $73,000 Support
TradingKey – On Thursday (November 12), Bitcoin (BTC) continued its recent downward trend. As of today’s European trading session, Bitcoin fell below $74,000 intraday, with the latest price trading near $73,600. From a fundamental perspective, rising Federal Reserve rate-hike expectations and persistent ETF capital outflows are the two primary headwinds driving Bitcoin’s recent decline. The…