Bitcoin's Bullish Reversal: Targeting $83,500 Before July?
Bitcoin has surged by 14% since its crash to $56.6K, reclaiming the $64K channel.
Analysts eye a re-entry point at $67.5K, foreseeing a potential rally to $83.5K.
A retracement to $60K is anticipated if re-entry fails, before aiming for $83.5K by July.
In the past 48 hours, Bitcoin has mounted a remarkable recovery, bouncing back to the $64K mark after plummeting to $56,500 just days ago. This bullish resurgence has propelled the broader crypto market upward.
Matthew Hyland, a prominent Bitcoin analyst, outlines two scenarios: a bullish rally past $67,500 towards new highs or a temporary dip to $60,500 before resuming the climb to $83,500. Hyland predicts these movements could unfold before July.
With Bitcoin currently trading around $63,870, optimism is high among market observers for a potential push towards the $80K range post-crash.
