Key points:
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Bitcoin remains under pressure as bears are selling on rallies near the $74,508 resistance
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The bears are mounting a solid defense in several major altcoins at higher levels, indicating a negative sentiment.
Bitcoin (BTC) has started the new week on a cautious note as bulls attempt to maintain the price above $67,500. Investors are not rushing in to buy the dip, as seen from the $133.3 million in outflows from BTC exchange-traded products last week. The total outflows from crypto investment products have risen to $3.8 billion over the past four weeks, according to a CoinShares update on Monday.
If BTC ends the month below $79,500, it will record its first-ever consecutive negative monthly closing in January and February. With more than 22% loss, BTC is staring at its worst…
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Source cointelegraph.com
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