Bitcoin Bottom At $63,000? Grayscale Research Flags Feb. 5 As This Cycle’s Low
Bitcoin (BTC) may be starting to shake off the worst part of the downturn that began in October last year, according to new research from Grayscale. The firm points to Feb. 5—when BTC traded around $63,000—as a “durable” market bottom. That price point has capped stronger upside moves toward $80,000 since Jan. 30. The overall takeaway is that the market may be setting up for a larger move, but the next step likely depends on whether resistance can be cleared. Featured image from OpenArt, chart from TradingView.com About Author
