$BTC PRICE UPDATE: A SLIGHT INCREASE AMIDST A SHORT-TERM DOWNTREND
The current price of Bitcoin (BTC) stands at $57,356, which represents a minor increase of 0.30% over the past 24 hours.
Despite this slight gain, BTC has closed above its opening price on 52.90% of days, indicating a relatively stable market. However, the bigger picture reveals a short-term downtrend, with the coin's price plummeting by -21.09% from its recent all-time high of $72,689, which was reached just 3 months ago.
This decline suggests a potential correction phase, making it essential to monitor future price movements to determine if BTC can recover its losses and resume its upward trajectory.
