Analysis: Bitcoin stabilizes against the trend, releasing a strong signal, and may rebound to $75,000
According to CoinDesk, amidst the rising uncertainty in the U.S.-Iran situation and weakening expectations for macro liquidity, Bitcoin remains fluctuating above $70,000, demonstrating strong market resilience.
Despite facing multiple bearish factors, including the complete pricing in of the Federal Reserve's interest rate cut expectations for the year, tightening regulation on stablecoins (Circle's stock price drop), and news that Bhutan may sell about $30 million in BTC, Bitcoin's pullback has been limited and the decline short-lived.
Analysts believe that when prices do not decline despite the release of numerous negative factors, it usually indicates strong potential buying interest. Coupled with the factors of this cycle's options expiration, the market may have the momentum to rebound to $75,000.
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