📢 Ben Simpson, founder of Collective Shift, said that Bitcoin's "local bottom" has formed and may usher in an upward trend in the future! Simpson believes that the negative sentiment of the German government's nearly $3 billion sell-off and Mt.Gox creditors' repayment of about $8.5 billion has hit prices, but there is a mismatch between market sentiment and fundamentals. He predicts that in the coming weeks and months, Bitcoin will benefit from Powell's possible rate cuts, new highs in the S&P 500 index, and strong Bitcoin ETF fund inflows. What do you think? Welcome to discuss in the comments section! 📈#Bitcoin#Blockchain #MarketAnalysis