🚀 Bitcoin Hits $65K, But Will It Last? 🤔

Bitcoin soared to $65,000 on July 16, easing fears of a German BTC sell-off. But hold on to your hats—Mt. Gox is moving $6 billion worth of BTC, sparking concerns of a drop to $58,000.

Despite the jitters, analysts are optimistic. The Coinbase Premium Index flipped positive, hinting at strong buying on Coinbase Pro. FalconX’s David Lawant predicts a “massive rally” ahead.

Institutional investors are also bullish, with record inflows into Bitcoin ETFs. Timothy Peterson prices BTC at $71,000, driven by strong demand.

What’s your take? Comment below! 💬