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Live markets: What's next as bitcoin re-tests February low for third time
Key takeaways
- A check of the charts shows this is the third time bitcoin has dropped to the mid-$60,000 range since its panicky February 6 bottom.
- The previous two "re-tests" of that February 6 bottom — February 24 and March 29 — worked out for the bulls, with prices quickly recovering back above $70,000 and eventually to $83,000 by mid-May.
- What happens on this third occasion remains to be seen.
A check of the charts shows this is the third time bitcoin has dropped to the mid-$60,000 range since its panicky February 6 bottom.
The previous two "re-tests" of that February 6 bottom — February 24 and March 29 — worked out for the bulls, with prices quickly recovering back above $70,000 and eventually to $83,000 by mid-May.
What happens on this third occasion remains to be seen.
Article preview — originally published by CoinDesk. Full story at the source.
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