Bitcoin (BTC) has retreated three days in a row after hitting a key resistance at $66,000 as bearish sentiment persists. Daily Net Inflows to Bitcoin ETFs – Source: SoSoValueMeanwhile, net inflows to exchange-traded funds (ETFs) snapped a 7-day streak of positive figures during the last two days of this week, as investors withdrew $465 million out of these vehicles. Social Sentiment Toward Bitcoin (BTC) Remains Heavily DepressedBitcoin Social Sentiment – Source: SantimentData from Santiment also shows that social sentiment has been steadily declining since March 2025. BTC Could Form a Bullish Inverse Head and Shoulders Pattern If It Stays Above $60,000Looking at the daily chart, we were tracking a W-shaped bullish pattern that had been forming for weeks. BTC/USDT Daily Chart – Source: TradingViewThat said, a second pattern could form despite this drop if the $60,000 support holds.