Here’s why analysts say Bitcoin ETFs may ‘completely change the structure of the

[RSRS]

After reaching new all-time highs it's customary for Bitcoin (BTC) price see a bit of cooling off in the form of profit taking, consolidation and uncertainty from traders who are cautious about opening new positions at record highs. This appears to be exactly what is occuring this week as Bitcoin price struggles to hold the $60,000 level as support.


BTC/USDT 4-hour chart. Source: TradingView
Generally, most analysts still retain a bullish macro view of Bitcoin's price trajectory, to the extent that PlanB, Willy Woo and others claim that the second-half of the bull market was certified by the price hitting $67,000 last week.

Here’s what analysts have to say about what may come next for the price of Bitcoin, along with some insights into the greater market dynamics that are currently at play.

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[TomPluz]

Bitcoin will soon be surging after this "cooling off" as if it is just gathering the necessary energy for the uphill battle again...and this can also be a good opportunity to buy into the dip if one has the money to do so. The time has come to convert your fiat money into Bitcoin and make big profits in the process compare to just leave them in a bank where inflation can eating its value.