Bitcoin Sell-off Capped At $70K But Data Points To Rebound
Bitcoin (BTC) dropped below $69,000 on Thursday, pulling the price back into its six-week range just days after tapping range highs above $76,000. The pullback coincides with increased selling in Bitcoin futures markets and stalled demand from US-based investors, but the chance of a rebound rally remains. A recurring chart pattern suggests that BTC could