Despite Bitcoin's dip below $59,000, analysts remain optimistic about its performance for the remainder of 2024, citing market resilience to supply-shock headlines, seasonal factors, and macro movement in the right direction. However, challenges like geopolitical tensions, uncertainty over the next US president, and concerns over Mt. Gox distributions to creditors persist. Based on these factors, Bitcoin is likely to be bullish in the next 24 hours, with a potential push higher towards reclaiming its $60,000 price tag, driven by low liquidity and seasonal trends, although a minor correction cannot be ruled out.

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