BTC price cools off, but ‘You can never have too much Bitcoin,’ says Saylor By Cointelegraph


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This week (BTC) price came within a hair of the $36,000 mark, before abruptly reversing course and correcting to $34,250. After a near 30% run over the past month, it is natural for the price to cool off as some traders take profit and market participants evaluate whether or not the catalysts for the rally remain valid.

Despite the intraday price action, which saw a 4.67% drawdown, a number of analysts remain bullish on Bitcoin, and some expect another “gamma squeeze” if BTC price manages to push through the $36,300 level.