Bitcoin Faces Near-Term Weakness Despite Bullish Long-Term Outlook

U.S. bitcoin ETFs saw record inflows last week, but the pace is slowing. Further declines could trigger another bitcoin price drop.

If ETF inflows disappoint early this week, bitcoin may fall to $59,000, per 10X Research.

Bitcoin broke its uptrend last week after earlier surging to nearly $74,000. It's stabilized around $67,000.

Despite potential near-term weakness, the crypto bull market likely continues, 10X Research said.

Standard Chartered boosted its bitcoin year-end price target to $150,000 and sees $250,000 by 2025.