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Bitcoin (CRYPTO: BTC) may not have found its bottom yet, with veteran trader Gareth Soloway warning that the cryptocurrency could still retest $60,000 before a durable recovery forms.
“Don’t Think We’ve Reached A Bottom Yet”
Speaking with Paul Barron on June 3, Soloway said Bitcoin’s current structure resembles a larger bear flag, with recent sideways price action following a steep decline.
BTC recently slipped back into the $60,000 range as crypto traders faced another wave of liquidations and renewed fear across the market.
Soloway said Bitcoin has already tagged minor support near $65,500, but warned that the larger technical test remains closer to $60,000.
“I don’t think we’ve quite reached a bottom yet on Bitcoin,” Soloway said.
He added that if …
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