Coin pair $BTC
Bitcoin ($BTC) continues to dominate headlines as it consolidates its position above key support levels. Despite recent market volatility, many traders see this as a healthy retracement, offering potential long-term entry points. Historically, similar corrections have led to strong bullish continuations, particularly when accompanied by increasing on-chain activity and declining exchange balances.
The recent halving has also added to the bullish sentiment, reducing daily issuance and reinforcing the scarcity narrative. Long-term holders remain confident, with data suggesting more coins are moving into cold storage than onto exchanges.
As always, risk management is crucial. Stay informed and trade wisely.
