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It's been a few months since Wall Street released good news, but why couldn't Bitcoin hold above $70,000? I read an article the other day that said institutional investors are becoming more active, but the price doesn't seem to be reacting that much.
Currently, BTC is trading around $71,000, but it wouldn't be surprising if it goes higher. Despite the positive signals of an economic boom, buying pressure seems limited or restrained. Is market sentiment still bearish, or are short-term profit-taking activities happening? According to an analysis article I read, institutional investors are entering the market, but small investors are still cautious.
Until this gap is filled, Bitcoin is likely to continue trading within the current range. Maybe good news from Wall Street alone isn't enough.