Bitcoin has continued to recover following the recent fall to new lows.
the price of BTC/USD
This was a good call as the price chopped around over that day, but then fell further over the next days, to eventually break down to another new 2-year low, before recovering.the current bullish move looking quite impulsive and therefore likely to hold up for a whiletwo very clear support levels, with the level at $15,945 looking especially strong
Despite the recent bullishness, you must be brave or prepared to take a long shot as an investment to be buying Bitcoin now, with the strong long-term bearish trend and the FTX debacle generally depressing the crypto sector. I see Bitcoin as likely to reach key support at about $14k before it has a good chance to bottom out and begin to rise meaningfully again.
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