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Bitcoin is setting up 'meaningful floors' in $60K–$70K range: Analyst
Bitcoin's $60K–$70K cost-basis cluster suggests a potential bottom, but a bearish daily flag indicates risk of a deeper selloff to $50K. Analysts highlight conflicting signals between support levels and downward pressure.
Related Signal
Adjacent reporting
- Bitcoin analysts say this level must break for BTC price to confirm bottom
- Bitcoin’s ‘calm top’ challenges most market bottom estimates: Research
- Bitcoin’s $75K cost basis emerges as key support zone for current bull trend
- Gold just had its worst selloff since March. A floor may be $4,000, says one veteran strategist
- Bitcoin hits Power Law level low that historically precedes a rebound