Bitcoin Drops to 58K, can it go to 63.8K again?
So, Bitcoin is going up and down. Although it has dropped a bit, there is a possibility that it will go up again to the $63K level. Why? Because there are several things that support it:
- Bitcoin Halving Effect: The average Bitcoin bull cycle starts 170 days after the halving and peaks 480 days after the halving. Bitcoin's bull run has not started yet. We are 147 days after the $BTC BTC Halving.
- Chance of Interest Rates Dropping: There is a possibility that the US central bank will lower interest rates, which could make Bitcoin go up.
So, even though it is a bit shaky now, Bitcoin still has the potential to go higher.
