Up or Down: BTC

#marketdownturn #hacker #news_update #BTC_MARKET_UPDATE #ETHETFsApproved

Bitcoin is in a sideways trend. Analysis of on-chain metrics shows that investors are doubtful of further price movement. Long-term shareholders continued to hold out, indicating the market's confidence in stability. The public mood is quite positive. The founder of Quantum Economics expressed a pessimistic point of view, believing that it is too early to talk about new achievements. Under favorable conditions, demand may increase, and the price will have a chance to reach support at $64.5K. If a bearish trend occurs, the price is at risk of reaching $49K.