Despite a brief dip below $60,000 due to pre-Halving jitters and market uncertainty, Bitcoin remains bullish in the long term. The Halving event, historically a positive catalyst for Bitcoin's value, is approaching, and some investors see the recent price correction as a positive sign of leverage being flushed out of the market. Additionally, increased buying of longer-dated call options suggests anticipation of higher Bitcoin prices later this year. Furthermore, the recent approval of a spot Bitcoin ETF market in Hong Kong is expected to boost adoption and price.
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