Bitcoin Poised for a Potential Upswing

🟡Andre Dragoș, Head of Research at Bitwise Europe, compares the current state of the Bitcoin market to the pandemic era, when a sharp sell-off was followed by a rapid recovery. According to him, current price levels already reflect recession fears, while the macro backdrop is gradually improving — laying the groundwork for a potential trend reversal.

🟡Trader Mister Crypto also sees early signs of stabilization: major players are opening long positions, the RSI is approaching the oversold zone, and the price has deviated significantly from the 50-week moving average. Together, these factors increase the likelihood of a short-term rebound, even though the broader trend remains bearish.