Bitcoin Navigates a Critical Recovery Phase
BTC is currently showing signs of life after a sharp sell-off that pushed prices into a major support region around the low $60Ks. This swift rebound suggests that demand has stepped in decisively, signaling a potential short-term shift in market sentiment as aggressive buying pressure forms.
Technical indicators point toward a key liquidity area sitting between $75,000 and $80,000, which serves as a psychological magnet for price action. Historically, Bitcoin retraces into prior breakdown structures before determining its next macro direction, mak