According to CryptoPotato, Bitcoin price is showing signs of recovery after recent declines, with bulls targeting a critical resistance level. Bitcoin has almost completed a V-shaped recovery from its lows around $56,000 two days ago. The price reached $59,820 on some exchanges before pulling back slightly to trade above $59,000 on Saturday morning, marking a 1.3% gain in the past 24 hours. However, Bitcoin is still down 2.6% over the past week.

Interestingly, market sentiment has been waning during this period. The cryptocurrency Fear and Greed Index is showing a state of “extreme fear” at 25, down from 27 the day before.

The broader crypto market is showing mixed performance, with several large-cap altcoins trading in the red. Notable examples include SHIB, DOGE, ADA, SOL, XRP, LINK, BNB, and ETH. Despite this, some altcoins have managed to make gains. Helium’s HNT is up 5%, decentralized derivatives token dYdX (DYDX) is up 4%, and AAVE is up 3.3%. Overall, the market remains uncertain, with the ongoing battle between bears and bulls resulting in the liquidation of nearly $111 million in positions, $70 million of which is from long traders and the rest from short traders.#BTC