A crypto expert has suggested that Bitcoin may be poised for a price reversal based on the Chande Momentum Oscillator indicator. Bitcoin has been trading in a descending channel pattern since reaching an all-time high in March. The expert notes that when Bitcoin reaches the lower level of the channel pattern, the CMO indicator triggers a rebound and the price begins to recover. Based on historical price momentum, there is a possibility that Bitcoin could reach $57,500 and $65,000 in the near future. Currently, Bitcoin is trading around $54,480 with a modest price surge and lower trading volume.



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