Experts Trust Bitcoin's Strength at $60K

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Experts suggest that it may be the time to slowly start accumulating bitcoin.

Bitcoin sustained a more than 6% decline over the past week. The back-to-back corrections temporarily pushed the asset below $60,000.

Although it has rebounded since then, its recovery appears to have stalled around $61,500, causing concern among investors about further losses. This is especially true as the US government transferred 3,940 BTC to Coinbase Prime after receiving approval to liquidate.

However, QCP Capital believes that bitcoin will be able to defend the $60,000 support.


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