Bitcoin Forms Bullish Tweezer Bottom; Analyst Anticipates Swift Relief Rally

After incurring a sharp sell-off last night, Bitcoin’s bulls stepped up to the plate and were able to propel the crypto back into the lower-$8,000 region. This latest bout of volatility further confirms the notion that the upper-$7,000 region is a bastion of support for BTC.
Importantly, this price action also allowed the cryptocurrency to form a bullish formation that typically precedes long-term bottoms, although it is critical that BTC extends its upwards momentum in the near-term in or