Is The Bitcoin Bottom In? Here’s What 7 Experts Say
Summary
Bitcoin experienced a significant price drop from $64,500 to $58,474 due to the announcement of BTC and BCH payouts from the defunct Mt. Gox exchange. Analysts suggest that Bitcoin may be nearing a local bottom, citing oversold RSI levels, high spot volume, social media discussions, historical patterns, and technical indicators like the 21-week EMA. However, some traders remain cautious about calling it the bottom. BTC is currently trading at $61,014.
