🚀 Bitcoin Bounces Back! 🚀

Bitcoin enthusiasts, rejoice! After a tough period, BTC has rallied to a high of $67,000, up from around $64,000. This surge comes after holders faced their largest losses in 2024, totaling $2.5 billion in just two days. Could this be the bottom?

📈 On-chain metrics from CryptoQuant suggest positive momentum ahead, though stablecoin liquidity and Bitcoin demand remain stagnant. Large entities like the German government and Mt. Gox estate have reduced selling pressure, hinting at a price bottom.

🔍 However, demand growth is crucial for a sustained rally. While the Bull-Bear Market Cycle indicator remains bullish, faster demand and stablecoin growth are needed for new highs.

Stay optimistic, Bitcoiners! 🌟