Bitcoin Under Pressure, But the Bull Market has just started
Bitcoin is back below $80K. Too much pressure from the macro side, including higher oil prices and chip FUD, has pushed the orange coin down as well. The next support zone is at $75K, and if that doesn’t hold, we could indeed drop into the $60Ks, with $67K being a key support level there.
In my view, this is a correction within the bull market that started this summer, when we saw the bottom at $58K. These prices are opportunities to stack more sats before Bitcoin really starts to rally back into six-digit territory.
Could happen this year, guys…