🔮Crypto wizards, gather 'round! Bitcoin's taken a tumble below $64K, breaking its short-term holder realized price (STH-RP) and hinting at a possible slide to levels unseen in 49 days. 😱
CryptoQuant, our oracle of the hour, warns of a potential 8%-12% correction toward $60K, a level untouched since May 3. 📉
But hold onto your hats, folks! This isn't the first time Bitcoin's price has tested the STH-RP. It's been a solid support throughout the bull market since 2023. 🐂
Now, we're all wondering where Bitcoin might head next, especially after the launch of spot Bitcoin ETFs in the US and the Bitcoin halving earlier this year. 🤔
Ki Young Ju, the big brain at CryptoQuant, reckons Bitcoin's network fundamentals could support a market cap triple its current size. That's a potential price of $265K, folks! 🚀
Got thoughts? Predictions? Wild conspiracy theories? Drop 'em in the comments! 🗣️ #Bitcoin #CryptoNews
P.S. Remember, the crypto market is as unpredictable as my ex. Invest wisely! 💔💸