Bitcoin Dips but Analysts Stay Bullish on Long-Term Recovery
Submitted by Anonymous (not verified) on Thu, 06/20/2024 - 07:10Key Takeaways Bitcoin (BTC) continues its correction, dropping below $65,000 for the first time in a month.
Key Takeaways Bitcoin (BTC) continues its correction, dropping below $65,000 for the first time in a month.
Bitcoin is under immense selling pressure at spot rates, tracking lower from the all-important resistance level of $66,000.
On-chain data shows the early Bitcoin miners have participated in a large amount of profit-taking inside the recent price range of the asset.
Thanks to the summer heatwaves in North America, Bitcoin miners
Amidst a June downtrend, Bitcoin may see a price reversal as patterns suggest a potential breakout that could stabilize the market.



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