Bitcoin Is Showing Strength, Near Market Bottom: Report

Bitcoin’s price has steadied after recent volatility, suggesting the worst of the market turbulence may be behind investors.

Following a sharp weekend selloff that pushed bitcoin from around $75,000 to lows near $67,000, the digital asset has rebounded, supported by signs of constructive U.S.–Iran talks and easing selling pressure from ETFs and long-term holders. 

Despite closing the week down roughly 6%, the cryptocurrency shows resilience in its current range.

Research from K33 highlights that bitcoin has been trading sideways between $60,000 and $75,000 in recent weeks, a pattern often linked to market bottoms. 

K33 Head of Research Vetle Lunde noted that this consolidation…

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