đ Bitcoin's Wild Ride: Will $60K Hold? đ
Bitcoin (BTC) is playing a game of tug-of-war, bouncing between $55,724 and $73,777. Bulls couldn't keep it above the psychological $70K mark, and August isn't helpingâhistorically, it's only seen a 2.24% average rise since 2013. đ
Global equity markets are shaky, with Japan's Nikkei dropping 6% on Aug. 1, its worst since 1987. If this spills into crypto, Bitcoin's $60K support could be in jeopardy.
But hey, analysts like Willy Woo are optimistic, suggesting a 3% portfolio allocation by institutions could catapult BTC to $700K. What do you think? Comment below! đŹ
#CryptoNews #Bitcoin #MarketTrends
