Market Outlook
75 Range Observation: Is it the Bottom or a Rebound?
As we predicted yesterday, Bitcoin
$BTC price further declined today within the day to the 75 range. Currently, there is about a 1,000-point rebound.
We cannot confirm whether 75,000 is the bottom; doubts still exist (I believe there is a 30% chance that the bottom has already been reached here).
I think both 73-75 could be the bottom; 75,000 is only the lowest target for the correction. If it just touches 75 and then starts to rebound, that would be very strong.
In the rise from 65,200 to now, Bitcoin has experienc