#BTCOutlook
Bitcoin has experienced a recent correction, hovering around 96,032 USD, which represents a decrease of 3.18% in the last 24 hours.
This drop comes after U.S. Federal Reserve Chairman Jerome Powell stated that the institution cannot own bitcoin due to legal restrictions, which has cooled expectations in the crypto world.
Despite this correction, Bitcoin has maintained its price above 100,000 dollars over the past week, reaching an all-time high of 108,000 dollars.
MicroStrategy's entry into the Nasdaq 100, occupying the 40th position, has reinforced its strategy based on the acquisition of bitcoins, accumulating 439,002 bitcoins, valued at over 40 billion dollars.
In this context, investors are wondering whether it is time to buy on the dip, hold their current positions, or diversify their portfolios.
The inherent volatility of the cryptocurrency market requires careful evaluation of investment strategies, considering both the opportunities and the associated risks.
Stay alert to market trends and news that may influence Bitcoin's next movement.
Remember that investment decisions should be based on thorough analysis and your risk tolerance.