Bitcoin's recent plunge below $61,000, accompanied by a decline in US crypto ETFs in pre-market trading, has sent shockwaves through the cryptocurrency market. Investors are left grappling with a crucial question: does this present a golden buying opportunity or a sign of further downside risks? Understanding the Factors Behind the Dip Several factors have contributed to Bitcoin's recent price decline: Broader Market Sentiment: The overall market atmosphere has been bearish, with major stock indices experiencing declines. This risk-averse sentiment has extended to the cryptocurrency market, leading to sell-offs across the board. Federal Reserve Policy Signals: The Federal Reserve's hawkish stance on monetary policy, indicating potential interest rate hikes, has strengthened the US dolla
BTC Rebound: Did it Successfully Break Through?
Bitcoin successfully broke through $63,500 yesterday, and related concept stocks surged during the trading session. ------------------------- Is a buying opportunity for you? Did BTC successfully break through? When will the consolidation phase end? What's your target price for Bitcoin?
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