Bitcoin stabilizes near $60,000 after bulls step in, but leverage data raises caution about whether the bounce can sustain. The key question is whether $57,000 marks the bottom or just a temporary reprieve.
Market Snapshot: Bitcoin Finds Footing at $60K
Bitcoin has found its footing after bulls moved to reclaim the $60,000 level, but leverage data casts doubt on whether the price will flip back to support. The bounce from the 21-month low raises the question of whether $57,000 was the bottom of this downturn. Current data suggests that without a decisive close above $60,000, the risk of a retest of lower levels remains.
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