Institutions are buying as Bitcoin dips under $60,000, strengthening the long-term bullish outlook for BTC’s price.
Independent market analyst Arsen remains unfazed by the recent dip in Bitcoin’s price, predicting a monumental rebound to $330,000 in the current bull cycle.
Arsen argues that smart money — institutional investors, market experts and other financial professionals — has accumulated Bitcoin (BTC) during its recent correction cycle, indicating its long-term bullish bias for the top cryptocurrency.
“That’s because this dip is nothing new,” the analyst noted while referring to Bitcoin’s previous bull cycles, which occurred every four years and witnessed explosive price growth.
