Bitcoin price increased by 1.22% in the last 24 hours, showing upward movement.
1. Institutional buying and reduced OTC supply indicate potential upside, with technical indicators showing a shift towards bullish momentum.
2. Concerns remain regarding a declining scarcity index, shallow market liquidity, and potential selling pressure from large holders.
3. Community sentiment is divided, with fear coexisting with the belief that current market conditions may lead to a turning point.
BTC
65,911.52
-3.15%