Bitcoin bounces 8% from lows amid warning BTC price bottom ‘shouldn’t be like that’

Bitcoin bounces 8% from lows amid warning BTC price bottom ‘shouldn’t be like that’

Bitcoin (BTC) spared hodlers the pain of losing $20,000 on June 15 after BTC/USD came dangerously close to last cycle’s high.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Bitcoin “bottom” fools nobody

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD surging higher after reaching $20,079 on Bitstamp.

In a pause from its sell-off, the pair followed United States equities higher on the Wall Street open, hitting $21,700. The S&P 500 gained 1.4% after the opening…


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