Bitcoin Price Could Hit $8k as Major Outward On Chain Flows Increase

As Bitcoin continues with its now tedious consolidation, analysts are still searching for the next direction. Most are siding with the bears at the moment as downwards momentum is looking more likely. One view taken from a longer term trend indicator could see BTC fall to $8k not too soon.
Bitcoin Poised to Fall
The daily outlook for BTC is as uneventful as it has been for the past week or two. The range bound trading has continued within an ever tightening channel and a break out appears to be