$BTC back above $71K đ
Since dropping to $60K last month, Bitcoin has pushed above $71K several times but hasnât managed to hold the level for long.
Technically, the bear market structure isnât fully broken yet, but signs of exhaustion are starting to appear. Optimism is slowly building, though a real recovery still needs confirmation from higher timeframes.
For a true monthly trend reversal, the process is simple:
Daily trend â Weekly trend â Monthly trend.
Right now, only the daily trend has flipped bullish, supported by strong reactions from the rising support line. That momentum is currently giving bulls a base for potential upside moves.
A sustained move that flips the weekly structure would be the next key step toward a broader market recovery. đ
BTCUSDT
Löpande
71,366.1
+0.91%