Based on market data, the price of Bitcoin (BTC) has fluctuated within a narrow range of $83,000 to $86,000 in the past seven days. This price behavior indicates that buyers are currently cautious and do not yet have enough strength to break through the upcoming resistances. Some analysts compare the current situation of Bitcoin to the calm before the storm, suggesting that approaching the price floor and starting a new growth phase is probable. However, it is warned that Bitcoin has not necessarily reached its price floor yet, showing signs of seller weakness and a gradual buying opportunity. Benjamin Cowen, a prominent market analyst, believes that Bitcoin will continue to outperform altcoins as long as the US contractionary policies persist, stating that Bitcoin remains stronger compared to other cryptocurrencies. He predicts that Bitcoin dominance will increase as investors prefer assets like BTC in uncertain conditions due to their longer history and credibility. While the market is currently uncertain, signs of accumulation at lower prices, seller weakness, and a gradual shift in sentiment are observed. In such conditions, a patient and step-by-step buying strategy can be a logical approach to clarify the overall market trend. Visit the real-time digital currency price page to monitor the live prices of all tokens and cryptocurrencies.
