🟠Bitcoin is experiencing a short-term correction, having dropped below the key $115,000 level, but the long-term outlook remains bullish. Despite the emergence of a “death cross” on charts and weakness among short-term holders, large investors are still accumulating BTC at a rate over 11 times greater than miners’ output.
🟠With expectations of a rate cut by the Bank of England and a potential shift in Fed policy this fall, the market may receive a new bullish catalyst. Technical indicators also suggest a possible recovery in the coming days.
