There were sharp declines in crypto markets today, with Bitcoin falling to as low as $62,271 before quickly recovering to return above $64,000. Bitcoin is currently trading at $64,904. Although the bears tried to push Bitcoin below $60K, they were unsuccessful in the face of Bitcoin’s strong stance.
I honestly thought Bitcoin would drop below $60K today but Bitcoin is actually much stronger than before and despite the sharp declines, Bitcoin's rapid recovery suggests that the next bull run could be much stronger. However, it is still difficult to know how Bitcoin will move in the short term, so it is useful to be careful.
