Following a recent surge, the Bitcoin rally appears to be losing momentum, with the premier cryptocurrency battling to reclaim the $100,000 price point. Bitcoin, renowned for its volatile nature, has been grappling a myriad of challenges including regulatory scrutinies and investor skepticism.
Since reaching the milestone of $100,000, Bitcoin experienced a sharp correction that saw its value decline, instigating a sense of panic among investors. The flagship cryptocurrency is now locked in a fierce battle to regain its lost ground and reestablish its dominance in the crypto market.
Analysts however, remain optimistic about Bitcoin’s future, attributing the pullback to short-term speculators and insisting that the long-term trend continues to be bullish. Read More
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