**BTC Weekly Analysis**
Bitcoin (BTC) is experiencing a lot of price swings. Recently, the price fell from $66,448 to around $60,000 due to global tensions and market corrections. Despite this drop, Bitcoin ETFs have been buying up BTC, adding over $1.1 billion to their holdings, which is giving some bullish momentum.
The key level to watch is the $60,000 support. If Bitcoin holds above this, it could recover to around $62,000-$65,000. However, if it drops below $60,000, further corrections could push it down to $55,000.
Geopolitical uncertainties and possible future interest rate cuts by the U.S. Federal Reserve could also affect Bitcoin's path. Traders should be cautious, as more instability could increase market swings. However, Bitcoinâs reputation as a safe-haven asset in times of economic uncertainty may help its price in the long term.#Write2Earn! #Write2Earn! #Write2Earn! #Write2Earn! #Write2Earn!
