3 reasons why Bitcoin analysts believe BTC price recovery is overdue
Bitcoin price data strongly suggests that the current BTC price correction is a buy-the-dip opportunity.
Bitcoin (BTC) price is down 6.5% over the last seven days and currently trades 10% below its all-time high of $73,835 reached on March 14.
Despite this performance, the technical setup, positive investor interest and onchain data make Bitcoin analysts believe that a trend reversal into an exponential uptrend could be in the making.
Data from Cointelegraph Markets Pro and TradingView shows Bitcoin price oscillating between $58,000 and $72,000 for over ten weeks since turning away from new all-time highs.
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Author: Nancy Lubale
