Bitcoin is setting up 'meaningful floors' in $60K–$70K range: Analyst
CoinTelegraph·
60-second summary
Bitcoin is setting up 'meaningful floors' in the $60K-$70K range according to an analyst, hinting at a potential bottom. However, a bearish daily flag remains in place, exposing BTC to a deeper selloff towards $50,000, which could have significant implications for the market's short-term stability and investor confidence, potentially affecting overall crypto market sentiment and prices.
Bitcoin’s $6000–$70,000 cost-basis cluster hints at a bottom, but a bearish daily flag keeps BTC exposed to a deeper selloff toward $50,000.