Bitcoin struggled to maintain its recovery last week, indicating that bearish sentiment persists as traders use rallies to sell. Bitcoin ended the last week with a loss exceeding 4%. The longer the price remains near $60,000, the higher the chance of a downward breakdown.
Despite this, analysts are bullish on Bitcoin’s price action in the post-halving cycle. Even with the sideways movement, some traditional finance companies are incorporating Bitcoin into their portfolios. JPMorgan Chase and Wells Fargo disclosed exposure to spot Bitcoin exchange-traded funds in their May 10 filing with the United States Securities and Exchange Commission. Although their Bitcoin allocation is small, it represents a positive step. In a recent interview with journalist Mike Solana, Twitter co-founder Jack Dorsey predicted that Bitcoin could surge to at least $1 million by 2030 and potentially go even higher.
https://blockchainreporter.net/crypto-market-price-analysis-today-bitcoin-btc-theta-network-theta-ssv-network-ssv-hive-popcat/
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