Bitcoin at $67K: Investors buy the dip, but is that good news for $70K target?

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Despite the recent market correction, interest in accumulating Bitcoin remained high. Will BTC see green in the future?

witnessed a significant correction over the last few days. Despite the price decline, buyers continued to show optimism.According to Santiment’s data, a recent dip in Bitcoin’s price below $67,000 on 13th June, triggered a surge in buying activity, marking the second-largest spike in investor interest for Bitcoin in the last two months.

They may be driven by the belief that they are missing out on a lucrative opportunity if they don’t participate in the rally. On the flipside, traders were becoming more and more cautious. Data from Datamish revealed a significant movement by Bitfinex whales between 22:35 and 22:41 UTC+8 on June 13th.

 

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