Bitcoin's market can be confusing and volatile, and Jackis, a well-known analyst in the crypto community, has commented on its current state. He suggests that Bitcoin's weekly structure remains bullish, and any potential dips can be seen as a potential higher low in a bullish trend. However, he warns that this bullish trend must be proven, and investors should be cautious. The correlation between Bitcoin and Ethereum has hit its lowest level since November 2021, indicating that they are increasingly being driven by divergent idiosyncratic factors. Bitcoin is currently trading slightly below its 50-day Moving Average at $27,000, with a minor decline of 1.4% over the last 24 hours.
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