How Bitcoin Avoided a Much Deeper Pullback with a Timely Reaction from Bulls

Bitcoin’s bullish response to its capitulatory overnight drop to lows of $6,400 has now resulted in the cryptocurrency incurring a significant amount of bullish momentum that has allowed BTC to break back into the $7,000 region.
This bullish response came about after BTC tapped a key support line when it visited these recent lows, and the response to $6,400 signals that bulls may currently have more strength than they previously thought.
Bulls Roar as Bitcoin Surges 8% During Massive Intra