Bitcoin recovered from a 21-month low as buyers attempted to reclaim $60,000. Leverage data, however, raised doubts about whether the level could become durable support.
Bitcoin recovered from a 21-month low as buyers attempted to reclaim $60,000. Leverage data, however, raised doubts about whether the level could become durable support.
Bitcoin regained ground after falling to a 21-month low, with bulls moving to reclaim the $60,000 level. The bounce followed a decline toward $57,000, but the available data did not confirm that the market had established a lasting bottom.
Bitcoin regained ground after falling to a 21-month low, with bulls moving to reclaim the $60,000 level. The bounce followed a decline toward $57,000, but the available data did not confirm that the market had established a lasting bottom.
The recovery matters because holding above $60,000 would signal that buyers are regaining control after the sharp downturn. A failure to turn that threshold into support would leave the rebound vulnerable.
Leverage data added a note of caution to the move. While the price recovery showed renewed demand, market positioning cast doubt on whether the advance had enough strength to hold.
For now, the central question is whether Bitcoin can sustain its recovery above $60,000. Until that level is firmly established as support, the $57,000 area cannot be treated as a confirmed bottom.
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