Bitcoin has recently seen a rebound from local lows below $60,000, triggering a recovery that might push the price beyond $66,000. This recovery brings into question whether Bitcoin is headed into a bullish trend or if it is still at risk of a bearish downturn.
The movement to higher levels revives hopes of a continued price rally. However, Bitcoin has not yet reached crucial resistance zones necessary for a more secure bullish outlook, leaving room for concerns about a possible pullback.
These dynamics indicate a period of consolidation, leaving investors uncertain about the market's next move. The ongoing price behavior suggests that Bitcoin's immediate future involves navigating through a complex landscape dominated by both opportunities and risks.
