🚀 **Bitcoin Takes a Dip but Remains Strong!** 🚀
Bitcoin has experienced a 5.7% drop in the past 12 hours, falling from $70,000 to just below $66,000 during early Asian trading on Tuesday. Despite this, BTC is still within a five-month rangebound channel formed at the end of February.
Analysts are speculating that the dip could be linked to political factors, including Kamala Harris's strong performance in the polls. Additionally, the U.S. government moved 29,800 BTC worth roughly $2 billion, adding to market jitters.
However, crypto analyst "Inmortal" believes this dip isn't necessarily bad, suggesting that more consolidation could lead to a bigger expansion. 🌟
Stay optimistic, Bitcoiners! 🌈