Bitcoin at $67k: Should you grab BTC today or wait?

Technical analysis suggested BTC may soon dip to $60k to gather liquidity before launching into a major rally.Ascontinues to dominate the cryptocurrency market, its recent price movements have caught the attention of investors and analysts alike. Over the past few months, Bitcoin has shown a significant increase, with a surge of over 100% year to date, and a notable rise of 9.8% in just the past week.is currently facing challenges in surpassing the $67,000 resistance level.

The price during this phase is expected to fluctuate between approximately $60,000 and $70,000, with potential extensions beyond these limits. The duration of this Re-Accumulation phase can last up to 150 days , after which Bitcoin might enter a “parabolic uptrend,” marked by a notable spike in price.

This potential for a substantial price increase after a period of stability offers insight into Bitcoin’s behavior following halving events.from Santiment indicates that Bitcoin is hovering just above $66,100 as smaller traders liquidate their holdings amid a general market rebound over the past week.

Source: Digital Coin News (digitalcoinnews.net)

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