Bitcoin buyers ‘in control’ but trend won’t change until this level breaks
Bitcoin analysts said buyers were regaining control, but reclaiming $78,000 as support was key to reversing the overall downtrend.
Market analysts say Bitcoin (BTC) is in a relief rally after its 17% recovery from multi-year lows below $60,000, but the $78,000 level is key to reversing the broader downtrend.
Key takeaways:
Bitcoin price is up 17% from sub-$60,000 lows as onchain data shows signs of returning demand.
