Bitcoin's (BTC) price took a tumble on July 4, dropping 3.34% in 24 hours and 5.82% over the week. The crypto king fell to a one-month low of $56,709, breaking the $60,000 support level. The total market cap also dipped 4.23% to $2.13 trillion. 📉 But don't panic! Analysts are still optimistic about BTC's potential recovery. "Bitcoin bouncing back up, now back above the 200-day EMA," says one analyst. Others agree, suggesting the "local bottom is in." So, despite the bearish vibes, the crypto world is still hopeful for a Bitcoin bounce back. Keep calm and HODL on!