$BTC
has just recorded its first weekly close below the $60,000 level in nearly two years—a development that has caught the market's attention.
With ETF outflows continuing and growing concerns about additional institutional selling pressure, short-term sentiment remains cautious. If bearish momentum continues, a move toward the $50,000 region cannot be ruled out before the next major recovery begins.
That said, I still believe this would be part of a broader market cycle rather than the end of Bitcoin's long-term uptrend. A healthy correction could provide the foundation for the next leg higher, with the $100,000 milestone remaining a realistic long-term target.
$BITCOIN $BTC #crypto #trading
has just recorded its first weekly close below the $60,000 level in nearly two years—a development that has caught the market's attention.
With ETF outflows continuing and growing concerns about additional institutional selling pressure, short-term sentiment remains cautious. If bearish momentum continues, a move toward the $50,000 region cannot be ruled out before the next major recovery begins.
That said, I still believe this would be part of a broader market cycle rather than the end of Bitcoin's long-term uptrend. A healthy correction could provide the foundation for the next leg higher, with the $100,000 milestone remaining a realistic long-term target.
$BITCOIN $BTC #crypto #trading