V-shaped recoveries historically bullish for Bitcoin as market rapidly retakes $61,000

Liam ‘Akiba’ Wright

Bitcoin briefly fell below $59,000 last night before rebounding to reclaim the critical $61,000 level in a rapid V-shaped recovery. Historical data indicates that similar swift recoveries on a 30-minute resolution have consistently led to either higher gains or sideways trading, with few instances of further declines. Last week, Bitcoin dropped from $62,000 to around […]

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V-shaped recoveries historically bullish for Bitcoin as market rapidly retakes $61,000