From Investing.com

August 6, 2024 12:02:27 pm:

Ki Young Ju, founder of CryptoQuant, settles debate on Bitcoin’s status in financial markets by referencing Satoshi Nakamoto’s vision. Investors split into two groups – tech stock supporters vs. digital gold believers. Ju emphasizes that Bitcoin should rise during tough times, aligning with Satoshi’s intentions.

Analyst Ali Martinez predicts Bitcoin could drop to $51,000 as it forms a Rising Wedge pattern, typically signaling a decline. Despite potential short-term climb to $56,000 or $57,000, Martinez warns of breakdown. Market sentiment remains in “extreme fear” despite record institutional investments in Bitcoin.

Bitcoin recovers after 18% plunge, climbing up to $55,253 from $50,000 low. Despite dropping from $65,300 to below $50,000, Bitcoin recovers 11% of lost value. Market volatility continues as institutional investments hit all-time high.

Read more at Investing.com: Satoshi Nakamoto’s Original Bitcoin Goal Shared by CryptoQuant CEO By U.Today