Although Bitcoin (BTC) price is volatile and at its lowest in 5 months, several key indicators show that bulls may still prevail, hinting at the possibility of recovery in the BTC price trajectory. 🚀

- Bitcoin has had a rocky start this month, falling more than 10.50% to around $57,000 on July 7.

- However, the recent Bitcoin price decline has been accompanied by an increasing spread between falling prices and rising relative strength index (RSI). This usually shows that selling pressure is weakening, even though prices continue to fall.

- Two other technical indicators also support the bullish reversal scenario.

- The likelihood of Bitcoin continuing its bull run in the coming weeks increases as the possibility of an interest rate cut increases in September.

And you, what do you think about this situation? Please leave your opinion below in the comments section!#Bitcoin#cryptocurrency#blockchain#finance #market