Is Bitcoin's price ready to recover after a week of sharp decline?Bitcoin just experienced one of the most significant weekly declines in the past 12 months, and it could even be considered one of the worst weeks in history. The intense selling pressure has pushed Bitcoin into a severe oversold condition. However, this deep decline has also led many investors to consider the possibility of a rebound or a buying opportunity, as some believe the market may have overreacted. Despite the current downturn, analysts suggest that Bitcoin could recover in the coming weeks, especially if key support levels hold. Investors are advised to stay cautious and monitor market developments closely.
TapChiBitcoin·4h ago