Bitcoin Slides as Market Struggles, Analysts Warn of Extended Sideways Movement

Bitcoin experienced a decline leading up to the Wall Street opening on April 26, with prevailing trading conditions restraining bullish momentum. According to data from Cointelegraph Markets Pro and TradingView, BTC retraced from its peak of $65,300 to the daily close. The market remained ensnared within a stubborn trading range, influenced by problematic macroeconomic indicators and underwhelming performance from US spot Bitcoin exchange-traded funds (ETFs). These ETFs witnessed net outflows exceeding $200 million the previous day, dampening what initially seemed a promising week start. James Seyffart, an ETF analyst at Bloomberg, highlighted the downturn, noting, “5 ETFs saw outflows for