$BTC is currently trading around $63,735, a slight increase of 0.01% in the last 24 hours [CoinDesk]. Over the past week, BTC has gained 1.67%, but it's down 5.44% compared to the beginning of May [TradingView]. Despite the recent dip, Bitcoin is still up significantly over the past year, with a gain of 121.94% [TradingView].
Market Sentiment:
The sentiment around Bitcoin is mixed. Some analysts, like Arthur Hayes, believe the recent correction is over and expect a slow and steady climb in the coming months, with the price potentially ranging between $60,000 and $70,000 [CryptoPotato]. Others, however, remain cautious due to factors like the upcoming $2.4 billion crypto options expiry event and the recent outflows from the BlackRock Bitcoin ETF [CryptoPotato].
Advice: Wait unless BTC finished correction and show clear 🐂 or 🐻