#CongressTradingBan
Recently, Bitcoin has experienced notable fluctuations. According to data from Cointelegraph, Bitcoin whales (large-volume investors) have started buying again, suggesting that the market could rebound around the $80,000 level. Furthermore, Bitcoin inflows to Binance, one of the largest exchanges, have cooled off, which could indicate a decrease in selling pressure.
However, some analysts warn about the possibility of an additional drop in Bitcoin's price. According to an article from Investors.com, the price of Bitcoin reached an intraday high of $84,000, but analysts from 10X Research suggest that it could fall to $73,000, emphasizing the importance of risk management during this critical period.
It is important to highlight that the cryptocurrency market is highly volatile and influenced by various factors, including macroeconomic events, government regulations, and movements from large investors. Therefore, while a rebound may offer opportunities, it also carries significant risks that investors must consider.