Was $60,000 the Bitcoin Bottom? There's a Good Argument for This, Says Scott Melker
Bitcoin may have reached a bottom near $60,000 as institutional outflows slow, whales accumulate, and key technical and market signals resemble previous cycle lows.
Some smart investors think Bitcoin might have stopped falling around $60,000 because big players are buying again and the patterns look similar to when Bitcoin bounced back before. When you see whales buying and the pattern matches history, it can hint that prices might be getting ready to move up—but nothing is certain in crypto.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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