Bitcoin must clear $88K to confirm bottom, analysts say

A slowdown in profit-taking and reclaiming $88,000 as support are prerequisites for BTC to confirm cycle bottom.

Bitcoin’s (BTC) relief rally to $82,000 appears to be cooling off, and analysts say key levels must be reclaimed for BTC price to “confirm a durable continuation higher.”

Key takeaways:

Bitcoin’s 7% climb over the last week to $81,000 saw it reclaim key levels, including the true market mean at $78,200 and short-term holder (STH) cost basis at $79,100.

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