#BTC
BTC
66,903.95
-2.82%
$
Bitcoin is currently in a recovery phase. After a scary drop to $60,000 last week, the price has bounced back and is now "chopping" (moving sideways) around $69,000 – $71,000. The market is trying to decide if it has enough strength to go higher or if it needs to test lower prices again.
Latest Expectation
Short-Term: Expect more "boring" sideways movement between $65k and $75k this week.
The Goal: Traders are looking for BTC to settle above $72k to confirm the "crash" is officially over.
Big Picture: Most analysts still expect a much higher price (over $100k) later this year once the current political and economic uncertainty settles.