🚀Cryptos are bouncing back, baby! Bitcoin's up nearly 3% to around $58,000, shaking off last week's jitters. The recovery is widespread, with CoinDesk 20 Index up 2.4%, led by gains in Solana, Filecoin, and tokens of Avalanche and Internet Computer Protocol.

🔮Markus Thielen of 10x Research predicts a short-lived rally, with Bitcoin potentially hitting $60,000 before dipping back to the low $50,000 range.

📉Seasonal trends aren't helping Bitcoin, with Q3 historically offering the weakest returns, says Vetle Lunde of K33 Research. Plus, the market will have to absorb $4.3bn-$6.8bn worth of selling from Saxony and Mt. Gox customers over the summer.

🤔What are your thoughts on this? Will Bitcoin hit $60,000 before another dip? Let's discuss! #CryptoNews #Bitcoin #Blockchain