๐ Bitcoin (BTC) is playing hard to get, teasing us with a six-week low. Bulls are on a coffee break, leaving BTC to flirt with $63,356. Despite a few eager buyers lurking in the shadows, BTC is playing coy, refusing to commit to the $64,000 mark. ๐คทโโ๏ธ
Our buddy Skew notes a "lack of real market participation," blaming those pesky automated trading algorithms for the week's drama. Meanwhile, trader Roman hints at potential rebound, but BTC seems to enjoy the suspense.
In a plot twist, BTC crossed the short-term holder cost basis (STHCB), a key bull market trendline, unchallenged since the end of the 2022 bear market. It's like watching a telenovela, folks!
Stay tuned to see if BTC will finally commit or continue to play the field. ๐
