Bitcoin is currently holding its position around the $61,000 mark, maintaining stability despite market fluctuations. As the week comes to a close and the weekend approaches, the possibility of increased volatility is a point of speculation among investors and analysts alike.
Analysts from Crypto Banter’s ‘The Sniper Trading Show’ express optimism for Bitcoin's long-term growth, suggesting a potential "mega bounce" in the market. This positive outlook is fueled by Bitcoin's ability to sustain its price amidst market uncertainties.
However, there is an opposing view as bears prepare for a possible retest at the $50,000 level, suggesting downward pressures still exist. The market is closely watching for any signs that could indicate a significant shift in price direction.
Overall, while short-term volatility is expected, the broader sentiment remains bullish, with experts confident in Bitcoin's resilience and potential for future gains.
