💪 Bitcoin Steady at $60K Support: Should We Be Worried? 🤔
Bitcoin experienced a 10% drop last week, mainly driven by global uncertainty and conflict-related news. While the dip caused some jitters among investors, technical signals still point to a strong future. The pullback to $60K is seen as a healthy correction for the market. 📉➡️📈
📈Key $60K Support Holding Strong🔷
BTC pulled back to the $60K level, and this crucial support has held firm. Analysts remain optimistic, as long as Bitcoin stays above this level, the outlook remains bullish. This support is vital for driving the next leg upward. 🚀 target is more $70
🔮Coinbase Keeps Buying 💼
Despite the dip, Coinbase has continued its Bitcoin buying spree and hasn’t sold any holdings. The rising spot CVD (Cumulative Volume Delta) on Coinbase shows that institutional interest in BTC remains solid. This is a very positive indicator—big players like Coinbase sticking to buying during uncertain times highlights confidence in the long-term potential of Bitcoin. 🌟
🎴Potential Trend Reversal? 🔄
Last week, Bitcoin made a higher high and higher low, suggesting a possible shift from the 7-month downtrend into an uptrend. If the $60K support holds, this could signal the start of a fresh upward trend. Technicals point towards a transition to bullish momentum. 📊
Keep an eye on Bitcoin’s movements in the coming days. As long as $60K support remains intact, there’s no major reason for concern, especially with institutions like Coinbase staying bullish.$BTC
