$BTC dipped hard to ~$60K earlier this month after peaking above $126K late last year a classic 50%+ crypto correction that flushed out leverage and weak hands.
Now? BTC is stabilizing around $70K–$71K, bouncing nicely from those February lows with buyers stepping in on the dip. Your chart shows it reclaiming from $68K support after hitting $72K resistance briefly, and it’s holding despite minor pullbacks.
Fresh catalyst: Morgan Stanley just kicked off coverage on BTC miners, going Overweight on Cipher Mining (CIFR) and TeraWulf (WULF) for their data center/AI pivot potential, while cautious on MARA. Institutional eyes on mining infrastructure = subtle bullish signal for the sector and BTC itself.
Not full bull-mode recovery yet still range bound and volatile, down big from ATHs but the capitulation looks done, and this rebound has legs if it clears $72K. Classic post-panic accumulation phase.
HODL or DCA? The chart says the bottom might be in. What’s your move? ₿
