Crypto
Bitcoin rebound does not mean safe, $50,000 is real bottom
Bitcoin has staged a short-term rebound, climbing about 3 percent in a day to regain $71,000, roughly 20 percent above last week’s 15-month low. But scepticism remains about whether the recovery can last ahead of the weekly close. Analysts pointed to patterns resembling the 2022 bear market and warned of further downside if key moving averages are not reclaimed. U.S. spot bitcoin ETFs were also cited as a burden.
