Under the market sentiment of "extreme panic," Bitcoin prices hover around $65,000, while major institutions like Morgan Stanley and Citigroup are expanding their cryptocurrency services, indicating strategic accumulation. Analysts believe that such actions by institutions during market downturns could lay the foundation for a price reversal. If Bitcoin can hold the $60,000 support level, its long-term target price could reach $120,000.
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Under the market sentiment of "extreme panic," Bitcoin prices hover around $65,000, while major institutions like Morgan Stanley and Citigroup are expanding their cryptocurrency services, indicating strategic accumulation. Analysts believe that such actions by institutions during market downturns could lay the foundation for a price reversal. If Bitcoin can hold the $60,000 support level, its long-term target price could reach $120,000.