It’s been an interesting ride watching Bitcoin dip below $60,000 this month. Some say it’s a direct result of the turmoil in the Middle East, and that wouldn’t be surprising. Geopolitical tensions have a way of shaking up markets, and crypto is no exception.
But Bitcoin’s already starting to recover, climbing back above $62,000. That says a lot about the resilience of this digital currency.
I’ve seen this pattern before
Markets fall, panic sets in, and then, just when everyone’s writing it off, it bounces back stronger. This latest drop led to over 4,000 long positions being liquidated. That sounds disastrous, but oddly enough, liquidations like this often mark the bottom. The selling pressure eases, and suddenly, the market has space to breathe.
It’s like a reset button is being hit.
Now, with Bitcoin, everyone always wants to know: “What’s next?”
Personally, I think we’re on the verge of another surge. The fundamentals haven’t changed. Fewer people are selling, and there’s less pressure holding Bitcoin down. This looks like one of those quiet moments before a big rally. If the buyers start stepping up, I wouldn’t be surprised to see Bitcoin hit $65,000 in no time.
History has shown that these dips are often opportunities, not disasters.
Not financial advice, just my humble opinion.