In accordance with Cointribune, Bitcoin analysts suggest the market may have reached a short-term bottom following a period of heavy selling. Mister Crypto, a noted analyst, highlights a weekly RSI near 30 as a historical indicator of a potential rebound, projecting a price range of $100,000 to $110,000. The analyst also points to whale activity, market sentiment shifts, and proximity to the 50-week moving average as supporting factors. However, the broader market remains bearish, and a sustained recovery would require structural economic changes.
Bitcoin Analysts Signal Potential Relief Rally Amid Market Pressure
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