$BTC
BTC Bounces Back: $65,000 Next?

After a sudden 3% drop to $58,900, Bitcoin has begun to show signs of recovery, surging 1% above $61,000. But what's next? Based on current market analysis and trends, we predict BTC could reach $65,000 within the next 24 hours.

Yesterday's CPI data release sent shockwaves through the market, triggering approximately $196 million in Bitcoin liquidations. Major altcoins like Ethereum, Solana, and Cardano also experienced notable drops. However, Bitcoin's swift recovery suggests a resilient market.

Higher-than-expected inflation indicated by CPI data, market uncertainty, and risk aversion drove the price drop. Investor portfolio adjustments also played a role.

Despite short-term volatility, analysts remain optimistic about Bitcoin's long-term prospects. Price corrections are normal in the crypto market, presenting buying opportunities for long-term investors.

Keep a close eye on economic indicators and regulatory developments. Will Bitcoin continue its upward momentum? Share your predictions in the comments!

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