Has #BTC☀ hit the bottom? Smart money is already moving!
Altcoin trading has seen another week of volatility, while traders are viewing falling Bitcoin prices as buying opportunities, as evidenced by new inflows into spot Bitcoin ETFs.
Bitcoin remains in a large range at $60,724, but bulls are trying to keep the price above $60,000. This is a positive sign as it shows that bulls are not waiting for the price to drop to $56,552 before buying. According to reliable data, spot Bitcoin exchange-traded funds (ETFs) appear to have turned the tables as they have attracted net inflows over the past three days.
However, range-bound volatility over the past few months and the failure to break new highs above $73,777 have led to a decline in bullish sentiment on major social media platforms over the past few weeks. The decline in trader enthusiasm could signal a bottom in the market.
The cryptocurrency market is changing rapidly, and every trend could become the next outbreak point. Investors should seize the opportunities brought by market volatility and pay attention to the potential of Bitcoin and altcoins. If you have investment intentions in the near future, come and talk to me. I will do my best to lead you through the ups and downs of the market and find your investment path.
