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These 4 Bitcoin charts say BTC price is forming a bottom
While Bitcoin 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. Bitcoin recovered 21% to a 30-day high of $74,000 from its multi-year low of $60,000 reached on Feb. 6, before retracing to $72,500 on Thursday. Crypto analyst Jelle said that an “Adam and Eve bottom is still playing out” on Bitcoin’s 12-hour chart. An Adam and Eve bottom is a bullish reversal chart pattern indicating a shift from a downtrend to an uptrend. It is a variation of the classic double-bottom ... (full story)
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