""Bitcoin Traders Await Possible Support at $60,000."

Bitcoin traders expect support at $60,000 despite the recent drop in the price of bitcoin in the second and weekend of March to its lowest levels and since the beginning of March optimistic investors continue to keep faith in the leading cryptocurrency of bitcoin which is around $60,000 on the 17th
march but persistent selling dominated the picture over the weekend constant selling pressure has been a key factor in the price decline with new lows recorded around 64500 2 on bitam according to data from (co telegraph Markets pro) and trading
viw .

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Although the market has experienced a % correction, some analysts point out that past declines were more pronounced and even so the upward trend remained, optimists highlight the recent purchases of bitcoin ETFs in the United States as a positive indicator for the market. future There are also expectations of a possible rally at the start of the week especially with the gap in the CME group bitcoin futures market widening rapidly following the weekend drop which has historically provided a relief boost among investors.

Encouraging comments Thomas Ferrer home of cryptocurrency-focused review portal Apollo pointed out a possible bearish trap arguing that waves of liquidity could hit bitcoin ETFs.

Ferrer also reflected rumors about a new institutional wealth allocation to bitcoin that could materialize in the coming months which could have a significant impact on the market.

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• Bitcoin traders expect support at 60,000 despite the recent price drop.

• Although there has been a % correction in the market, some analysts see positive signs such as US Bitcoin ETF purchases.

• A possible rally is expected at the start of the week, especially with the gap in the CME group's Bitcoin futures market widening rapidly.

• Thomas Ferrer mentions a possible bearish trap and rumors about a new institutional allocation to Bitcoin.

Although bitcoin has experienced a recent drop in price, optimistic investors see opportunities in institutional purchases and anticipate possible bullish movements.
in the near future Especially with factors such as the gap in the CME group's bitcoin futures market.

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Weekly Post Count #4 Monday 18 / March 2024 / Time 03:55 am.