Bitcoin Price Consolidates Above $50K Amid Bearish Winds
Bitcoin has recently experienced a notable high, followed by a swift correction, sparking discussions among traders and analysts. With a peak at $53,019 on February 20, 2024, Bitcoin’s journey took a downturn to $50,000 on some exchanges before stabilizing above $52,100. This rollercoaster movement is attributed to the consistent inflow into spot BTC ETFs and the anticipation surrounding the upcoming supply halving event.
The crypto community is bullish, as revealed by Bitcoin’s ability to maintain levels…