On February 4, Bitcoin (BTC) made quite the dramatic recovery, bouncing back over 2% to reclaim the much-discussed $38,000 level. This little resurgence stirred excitement amid ongoing discussions about a potential retest of the ominous $30,000 mark. It’s like Bitcoin just couldn’t take a break from its emotional rollercoaster ride.
The Focal Points of Fluctuation
Data from various market trackers showed BTC/USD hovered around the $38k zone as traders reacted to recent upheavals in the stock market, particularly in the tech sector. Interestingly, it seems Bitcoin decided to take cues from tech stocks—much like a child imitating the latest TikTok dance. After a couple of tough days, fueled by a sell-off in U.S. stocks, Bitcoin effectively dusted itself off.
The Experts Weigh In
Analysts chimed in, presenting mixed views. Michaël van de Poppe noted that another dip towards the $30,000 to $33,000 range is feasible before a bullish swing could occur. It’s like waiting for the
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