Bitcoin (BTC) has recently seen its price drop below the crucial support level of $75,000, largely due to significant outflows from exchange-traded funds (ETFs) and concerns regarding potential interest rate hikes by the Federal Reserve. On Friday, the iShares Bitcoin ETF and Fidelity's FBTC reported $105 million in outflows, contributing to a staggering $1.2 billion in total outflows for the week. This trend suggests that institutional investors are losing confidence in Bitcoin's near-term growth prospects. Furthermore, rising inflation, with projections indicating an increase from 3.8% to 4.2%, has led to speculation that the Federal Reserve may raise interest rates this year, a shift from earlier expectations of a rate cut. The Crypto Fear and Greed Index has also declined to a fear level of 35, indicating a negative sentiment among investors. Technical analysis shows that Bitcoin has formed a bearish rising wedge pattern and is testing critical support levels, with predictions suggesting it could fall to $70,000 unless it can reclaim the $80,000 resistance level.