#BitcoinBouncesBack Bitcoin staged a sharp rebound after hitting deeply oversold levels, touching $60,000, an intraday low not seen in 16 months. The 11% spike reflects a relief rally, not a structural reversal.
💹 Key Technical Highlights:
EMA15 > EMA30 → short-term golden cross
Bollinger Bands widening → expanding volatility
RSI sharply rebounded from oversold
⚠️ Caveat: Rally driven mostly by short-covering and algos, not fresh buyer conviction.
📈 Medium-Term Context:
BTC remains in a descending daily channel
Retraced 50% from $126k (Oct 2025 high)
EMA50 & EMA100 trending downward, lower h