๐ข Bitcoin's got the blues, dipping below $60K, but don't fret! ๐ It's back up and holding steady at $61.5K. Some folks are worried about a potential sell-off by Uncle Sam, but QCP Capital's got our backs, saying Bitcoin can hold the fort at $60K.
Why? ๐ค
1๏ธโฃ The German gov's slowed down BTC transfers to exchanges, hinting they might be done selling.
2๏ธโฃ Bitcoin ETFs saw net outflows of $52.4M over 2 days after a week of outflows.
This could mean it's prime time for Bitcoin accumulation, and we might be in for a price hike! ๐
CryptoQuant's also spotted signs that Bitcoin's hit rock bottom and is ready to climb. The market's balanced, and a healthier price structure's in sight. Plus, Bitcoin's recent dip had buyers rushing in, adding 7,130 BTC to their stash in a day.
So, what do you think? Is Bitcoin gearing up for a jump? Share your thoughts below! ๐ #Bitcoin #CryptoNews #DeFi