Data suggests Bitcoin’s recent drop to $74,400 was the ultimate buy-the-dip opportunity.
Bitcoin (BTC) price has rebounded by over 11% from the April. 7 low of $74,400, and analysts believe that onchain and technical indicators point to a sustained recovery.
According to popular analyst AlphaBTC, Bitcoin will see a sustained recovery if it holds above $81,500.
Bitcoin price reclaimed the $80,000 psychological level after retesting the “weekly open and filling in some of the inefficiency left by the Trump 90-day pause pump,” the analyst said in an April 10 post.
