Bitcoin’s recent pullback toward $60,000 was likely a buy-the-dip opportunity with the price set to recover, several key technical indicators suggested.
While Bitcoin (BTC) remains more than 42% below its $126,000 all-time high, several technical setups suggest that the price range between $60,000 and $72,000 may be the new bottom range, before a sustained recovery.
Key takeaways:
Bitcoin’s double bottom pattern suggests that a reversal is underway.
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