Tag: Bitcoin price analysis

As Bitcoin (BTC) price remains above $66,500, market sentiment among bullish investors continues to strengthen.

Bitcoin nearly dropped by 10%, which sent it down to the $60,000 support level, but it is viewed as a necessary correction by analysts.

With Bitcoin currently trading at $64,400, down 2% in the last 24 hours, many experts remain optimistic about its future performance.

About three-quarters of all circulating Bitcoin has stayed unaltered for more than six months, according to Glassnode's hodl wave chart.

Bitcoin managed to hold steady above the $60,000 mark, trading at approximately $61,100 at the time of analysis.