Bitcoin falls under $71K but data shows BTC’s bullish momentum holding

💡 DMK Insight

Bitcoin’s dip below $71,000 isn’t a death knell—it’s a potential buying opportunity. Despite the drop, bullish sentiment remains strong, fueled by spot ETF inflows and increased BTC purchases from Strategy. This suggests that institutional interest is still alive and well, which could provide a floor for prices. Traders should keep an eye on the $70,000 level; a solid bounce here could signal a continuation of the upward trend. Conversely, if we see sustained trading below this level, it could trigger stop-losses and further selling pressure. Look for volume spikes around this price point as a key indicator of market sentiment. If buying pressure increases, it could lead to a quick recovery back above $71,000, which would reaffirm the bullish outlook. On the flip side, a failure to hold above $70,000 might lead to a deeper correction, so stay alert for any shifts in momentum.