Bitcoin Drops Below $65K: 'Summer Time Sadness' Coming?
Portfolio Pulse from Khyathi Dalal
Bitcoin has dropped below $65K, with traders expressing concerns about a potential bearish trend. Stockmoney Lizards and Michaël van de Poppe highlight a shift from bullish momentum to a descending trend, suggesting a support area between $63K-$64.5K. Despite short-term bearishness, optimism remains for a bull run by the end of Q3.
June 18, 2024 | 1:29 pm
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Bitcoin has dropped below $65K, with traders expressing concerns about a potential bearish trend. Stockmoney Lizards and Michaël van de Poppe highlight a shift from bullish momentum to a descending trend, suggesting a support area between $63K-$64.5K. Despite short-term bearishness, optimism remains for a bull run by the end of Q3.
The article highlights a shift from bullish to bearish sentiment for Bitcoin, with traders pointing out a descending trend and a support area between $63K-$64.5K. This suggests a short-term negative impact on Bitcoin's price. However, there is still optimism for a bull run by the end of Q3, which tempers the bearish outlook slightly.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100