Bitcoin buyers ‘in control’ but trend won’t change until this level breaks

Bitcoin analysts said buyers were regaining control, but reclaiming $78,000 as support was key to reversing the overall downtrend.

Market analysts say Bitcoin (BTC) is in a relief rally after its 17% recovery from multi-year lows below $60,000, but the $78,000 level is key to reversing the broader downtrend.

Key takeaways:

Bitcoin price is up 17% from sub-$60,000 lows as onchain data shows signs of returning demand.

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