In the past month, Bitcoin has experienced a decline in price, with a high of $66,500 and a low of $58,800. This volatility has led to total liquidations worth $107 million. Crypto analysts are predicting that Bitcoin must remain above $60,600 for any potential upside. The current market sentiment is showing positive signs, with large holders inflow spiking, fund flow ratio increasing, and Exchange reserve declining. These indicators suggest that Bitcoin may be well-positioned for further gains, potentially reaching $61,875. If it fails to maintain this level, it could drop to $58,272.
Source: Bitcoin