Bitcoin is currently trading around $67,000 after experiencing a turbulent week that saw its price dip to $64,000. This drop followed the announcement of a 15 percent global tariff by former President Donald Trump, which contributed to over $1 billion in liquidations across the market.
Analyst Willy Woo has suggested that the market may find a bottom near $45,000, although some analysts caution that it could plunge to $30,000 if existing support levels fail. In contrast, Bitwise Chief Investment Officer Matt Hougan and MicroStrategy CEO Michael Saylor contend that the recent pullback is a healthy correction. They emphasize whale accumulation and long-term market cycle trends as indicators for a potential rebound.
Amidst these fluctuations, investor sentiment remains cautious but hopeful, with many participants closely monitoring key support levels. The current price stability at $67,000 could serve as a crucial indicator for market direction in the coming weeks.
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