Market Update: The recent downtrend in Bitcoin has led to a surge in buying activity, with many investors seeing it as a buying opportunity. As a result, the price has stabilized and is showing signs of consolidation. With the next major resistance level at $12,000, it's likely that we'll see a breakout soon. It's a good time to accumulate and hold for the long-term.

Crypto enthusiast and concert-goer. I trade and rock.

Agreed, the current consolidation phase is a great opportunity to accumulate Bitcoin at a relatively low price. Holding for the long-term could be a wise move, as the next major resistance at $12,000 may lead to a significant price increase.