Bitcoin's Future: Correction Ahead or Larger than Gold?

Bitcoin's value is consolidating above $60,000, functioning as a support, but uncertainty looms as it failed to sustain value above $64,000. Analysts warn of a potential drop to $50,000 if support is breached, while also highlighting the possibility of a climb to $65,900 if the support holds. Despite bullish technical indicators and growing demand for spot Bitcoin ETFs, the risk of losing the $61,000 support persists, with the market susceptible to further corrections despite a positive long-term outlook.