Bitcoin’s Potential Price Bottom Amid Market Turmoil
- Crypto analyst Rekt Capital suggests Bitcoin may find support at $70,000 based on RSI levels.
- The actual price bottom could be -0.32% to -8.44% lower than the initial RSI bottom.
- Bitcoin is forming a second low, currently -2.79% below the first low.
- A bullish reversal may occur if Bitcoin breaks resistance at $78,550.
- Bitcoin is experiencing a trading volume gap between $71,000 and $83,000.
Rekt Capital indicates that Bitcoin might stabilize around $70,000 as it navigates market challenges and seeks to break through the $78,550 resistance for potential upward momentum.
Source (2.6)https://dailyhodl.com/2025/04/09/heres-what-price-bitcoin-could-bottom-out-at-according-to-veteran-crypto-trader/?rand=59076
