BTC price bounce is no bullish revival, with anything from $68,000 to $80,000 seen as a marker: Crypto Daily
Bitcoin has bounced after falling below $60,000, but analysts say that does not yet signal a real trend reversal. A sustained bullish shift likely requires BTC to reclaim key resistance levels, with some seeing $79,000–$80,000 as the threshold for a true regime change, while others think a rebound to around $68,000 would still count as a technical recovery. The rally depends on stronger ETF inflows and better macro conditions. U.S.-listed spot bitcoin ETFs have seen more than $5 billion in redemptions over the past four weeks, including another $91 million on Monday. Wednesday’s U.S. inflation report is also important; softer data could ease Fed rate-hike fears and support risk assets. Technically, bitcoin is near a short-term trendline from Friday’s low, and a break below it could end the bounce and put recent lows back in play. Bearish momentum remains strong.
