Bitcoin: CryptoQuant Flags Falling Demand Near Bottom

Bitcoin edges closer to a local bottom yet faces waning demand according to CryptoQuant, with price sitting at $61893.82 inside Bollinger Bands bounded by $64228.9 resistance and $60707.03 support.

Price trades below the EMA50 at $64019.93 and far under the EMA200 at $71269.74, confirming the bearish trend structure while the MACD golden cross at -422.11 hints at building momentum and RSI at 45.95 stays neutral. Institutional desks now weigh this confluence against broader BTC price prediction models and crypto market crash scenarios, noting how AI industry impact on risk assets could accelerate flows once demand metrics stabilize.