Bitcoin traders hope bottom is in after BTC price bounces 9% from lows
BTC price action takes a break from endless downside to revisit $58,500, but Bitcoin bulls struggle to hold higher ground.
Bitcoin (BTC) circled $57,000 into the July 7 weekly close as markets sprang back from “tremendous downside deviation.”
Data from Cointelegraph Markets Pro and TradingView showed BTC price action cementing a range roughly 8% above the week’s $53,500 lows.
These had come after the July 5 daily close, and represented the lowest levels for BTC/USD since late February.
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Author: William Suberg
