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From $60K Dip to $70K Recovery: Bitcoin's Buy-the-Dip Moment!
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Bitcoin hovered below $71,000 before reclaiming $70,000, per CNBC, as early dip-buying emerged from institutions and retail alike.
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Bitcoin Magazine reports a rebound from capitulation lows, with eyes on $74,500 resistance. Recent news from The Block shows ETF outflows, but Morgan Stanley initiated coverage on miners like Cipher and TeraWulf as buys, indicating sector optimism.
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Analysis: This 50% peak-to-trough drawdown mirrors growth stock sell-offs, but Bitcoin's correlation breaks when adoption surges. Value here? It flushes excess speculation, setting up for sustainable growth.
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Miners selling $305M in BTC for AI pivots adds supply pressure, but low reserves signal scarcity ahead. Trade smart on Binanceâspot the signals and capitalize!
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