Bitcoin data calls $80K the bottom, analysts say BTC bulls are back
One analyst said that Bitcoin’s dip to $80,000 marked the bottom and that there is a 91% chance that the current trend reversal will send BTC price back to $118,000.
Bitcoin (BTC) traders are navigating through one of the fastest capitulation events since late 2022, but one market analyst argued that historical data confirms that $80,000 was the bottom.
Key takeaways:
A Bitcoin analyst assigned a 91% probability that BTC will not see a weekly close below the current lows.