Bitcoin Finds Local Bottom as Analysts Point to Signs of Strength; What’s Next

Bitcoin Finds Local Bottom as Analysts Point to Signs of Strength; What’s Next


Bitcoin and the entire cryptocurrency market have seen mixed price action throughout the past week It has mainly favored bears, with the selling pressure seen when BTC broke below $40,000 being quite significant This led the entire market to plunge lower, but bulls are now in the process of reversing this decline as they push Bitcoin towards $35,000 Where it trends in the days and weeks ahead will undoubtedly depend on whether or not the recent dip towards $30,000 is a local low One trader believes that there are several sighs that all indicate upside is imminent, which means that BTC could be on the cusp of rallying back to $40,000

Bitcoin has led the entire crypto market on a wild ride throughout the past few days and weeks, with the recent break below $40,000 leading to an accelerated decline to $30,000.

The buying pressure here proved to be somewhat significant and has so far been enough

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