Bitcoin has overtaken gold, having 50 million owners compared to gold’s 37 million in the U.S. This reflects a rising preference among investors for Bitcoin as a reserve asset, suggesting a shift in market dynamics.
Bitcoin must hold the price level of 63,700 USD to avoid potential declines. The next risk levels are identified at 57,000 USD, 52,400 USD, and 48,700 USD, making market sentiment essential in the week starting March 9.
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