BUSINESSCOINTELEGRAPH
Bitcoin bounces off 21-month low, but leverage data signals caution: Was $57K the bottom?
Bitcoin rebounded from a 21-month low as buyers attempted to push it above $60,000, but leverage data suggests uncertainty about its potential to reestablish support. The article questions whether $57,000 marked a true bottom for the cryptocurrency.
Related Signal
Adjacent reporting
- Has Bitcoin bottomed?
- There's one simple way to tell whether bitcoin has really bottomed. Right now, it hasn't.
- Samson Mow says bitcoin bottom is in despite skepticism from analysts
- Bitcoin hit bottom at $59,000 marking end to the crypto winter, says Standard Chartered analyst
- These bitcoin metrics suggest February’s $60,000 selloff may have marked the bottom