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Bitcoin Price Forecast: BTC/USD Bulls Wake After 52% Crash- 70K the Key Test
Bitcoin is attempting to stabilize after one of its most aggressive drawdowns in recent years, with price surging more than 11.2% off the February low close. The rebound takes BTC/USD back toward pivotal resistance and while momentum has improved, the broader trend remains under pressure unless buyers can force a sustained move through this ceiling. The coming sessions may determine whether this is the beginning of a larger recovery phase or merely a corrective bounce within the prevailing downtrend. Battle lines drawn on the BTC/USD technical charts. In last month’s Cryptocurrency Forecast we noted that Bitcoin ... (full story)
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