🚀 Bitcoin's Wild Ride: From Roller Coaster to Rocket Ship! 🚀

On Aug. 12, Bitcoin (BTC) took traders on a thrilling ride, plunging 3.2% to $57,844 before rocketing up 5% to $60,700—all within an hour! This wild swing came after a US Fed Governor's comments stirred the economic pot, also boosting gold prices close to their all-time high.

🔍 Key Points:

- Traders are eyeing a potential retest of the $49,248 low.

- JPMorgan ups recession odds to 35% for 2024.

- Fed's stance on interest rates keeps investors on edge.

💬 What do you think? Will Bitcoin soar or stumble next? Drop your thoughts below! 👇

#Bitcoin #CryptoTrends #MarketWatch