đȘ Bitcoin Steady at $60K Support: Should We Be Worried? đ€
Bitcoin experienced a 10% drop last week, mainly driven by global uncertainty and conflict-related news. While the dip caused some jitters among investors, technical signals still point to a strong future. The pullback to $60K is seen as a healthy correction for the market. đâĄïžđ
đKey $60K Support Holding Strongđ·
BTC pulled back to the $60K level, and this crucial support has held firm. Analysts remain optimistic, as long as Bitcoin stays above this level, the outlook remains bullish. This support is vital for driving the next leg upward. đ target is more $70
đźCoinbase Keeps Buying đŒ
Despite the dip, Coinbase has continued its Bitcoin buying spree and hasnât sold any holdings. The rising spot CVD (Cumulative Volume Delta) on Coinbase shows that institutional interest in BTC remains solid. This is a very positive indicatorâbig players like Coinbase sticking to buying during uncertain times highlights confidence in the long-term potential of Bitcoin. đ
đŽPotential Trend Reversal? đ
Last week, Bitcoin made a higher high and higher low, suggesting a possible shift from the 7-month downtrend into an uptrend. If the $60K support holds, this could signal the start of a fresh upward trend. Technicals point towards a transition to bullish momentum. đ
Keep an eye on Bitcoinâs movements in the coming days. As long as $60K support remains intact, thereâs no major reason for concern, especially with institutions like Coinbase staying bullish.$BTC