Bitcoin’s Market Activity and Insights

Summary:
Bitcoin (BTC) is currently consolidating just above the $60,000 mark. Crypto trading expert Alan Santana has provided insights into potential correction targets, specifying that the "most pain point" for Bitcoin’s drop lies between the Fibonacci retracement levels of 0.618 ($42,855) and 0.786 ($34,900). Santana believes Bitcoin’s price is unlikely to fall below $30,000. Despite the consolidation, there is a significant resurgence of retail investors, highlighted by a surge in new BTC addresses to 352,124, the highest since April. As of now, Bitcoin is trading at $61,470, with a daily gain of almost 1% but a weekly decline of over 4%. Technical analysis indicates mixed signals, with a general recommendation to sell. Bitcoin needs to maintain its position above $61,000 to prevent further corrections.