📈 Is Bitcoin Still in a Bull Market? Let's Break It Down 🐂💼

Recent fluctuations in Bitcoin's price have sparked debates over whether we're entering a bear market. Here's a breakdown of the current situation:

🔍 **Current Market Status**: Bitcoin recently dipped below $60K, raising concerns among investors. However, it's essential to note that we're experiencing corrections rather than a full-blown bear market.

📉 **Reasons for the Drop**: Factors such as stablecoin liquidity and US investor sentiment have contributed to the recent downtrend. Stablecoin liquidity remains low, hindering Bitcoin's upward momentum.

📈 **Signs of Potential Reversal**: Despite the drop, there are promising signs. Bitcoin demand is gradually increasing, supported by strong levels around $56K, which acted as a robust support in May.

⛏️ **Miners' Perspective**: Miners' capitulation has recently mirrored levels seen during previous cycle bottoms, indicating a potential turning point.

💭 **Outlook**: In my opinion, Bitcoin is undergoing necessary corrections within a broader bull market. With increasing demand and solid support levels, I believe we're poised for an upward trend. My target? Bitcoin hitting $100,000 and beyond soon! 🚀🚀

Stay informed and keep an eye on developments as Bitcoin continues its journey!