strong buy
Bitcoin Stays Bullish Despite Short-Term Pullback After New High
Bitcoin experienced a short-term decline following its recent all-time high of $111,900, now trading at $109,670. After dipping to $107,500, analysts believe that the overall bullish trend remains valid due to a solid correlation with the global M2 money supply, which recently hit a new peak.
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AI Analysis
The recent movement of Bitcoin indicates a typical correction after achieving a new historical peak. The pullback from $111,900 to around $109,670 is within a normal price fluctuation range, especiall...
AI Recommendation
Given the resilience of Bitcoin after its brief correction and the fundamental support from rising global M2 liquidity, it’s advisable to maintain a cautious bullish stance. Investors might consider h...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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