🔔💰 Bitcoin price shows strength above $60,000 💰🔔
Bitcoin (BTC) has had a busy week, fluctuating between $66,000 and $58,000. Despite BTC sales by miners, capital outflows from ETFs, and sales fears from Terraform Labs, the price has remained above $56,000, a key level to avoid a bearish correction. 📉
Despite these challenges, bitcoin remains firm above $60,000. Since March 2024, after reaching an all-time high of $73,000, BTC has been in a period of lateralization. These declines are normal in every bull cycle and do not mean that bitcoin has lost its growth potential. 📈
Amid institutional sales, some investors are taking advantage to accumulate more BTC at lower prices. For example, the Argentine exchange Lemon reported that Argentines have increased their bitcoin purchases by 2.5 times compared to the average for the month. 🇦🇷
Additionally, data from SoSoValue shows a slightly positive day for bitcoin ETFs, which could indicate a rebound in price. At this time, strategies such as DCA (Dollar-Cost Averaging) can be useful for accumulating bitcoin while waiting for the next upward movement. 🚀
What do you think about the strength of bitcoin price? Leave us your comments! 💬