CandleFocus Has Bitcoin Bottomed? Analysts Answered, Explained What Will Determine the Price Next!
2025-01-14
Author: Content Editor
Bitcoin (BTC) initially declined after Friday's employment data and lowered expectations for Fed rate cuts, but quickly rebounded above $94,000. Experts believe that the long wick formed on the BTC chart indicates the end of the downtrend and a potential bottom signal. However, Bitcoin should remain stable above the daily peak of $95,900 for sustained recovery. Market watchers are now awaiting macroeconomic data to determine further price movements. Overall, Bitcoin's supply and demand dynamics are seen as favorable for buyers and the rebound has also influenced other major altcoins.
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