Since the all-time high last October, bitcoin has lost almost half its value.
For investors who supported the “digital gold” narrative, this drawdown has put bitcoin in an awkward spot. Calls of a “crypto winter” are starting to resurface, especially as gold continues to post fresh all-time highs.
Even with its own volatility, gold’s pullbacks have so far found support more reliably.
A key question right now is whether consolidation near $68,000 is accumulation, or simply a pause before the market turns colder. At the moment, the price action is not all the inspiring. A clean break back above $70,000 would matter, because it could quickly trigger the kind of momentum and FOMO that helped lift price late last week.
For the exact date and time of these major economic events, import the BlackBull Markets Economic Calendar to receive alerts directly in your email inbox.
Trading involves risk and may not be suitable for all investors. The information provided in this article is for educational purposes only and does not constitute financial advice. Always conduct thorough research and seek professional advice before making any investment decisions.
