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TechFlow news: Bitcoin has reclaimed $62,000, with analysts suggesting the worst of the selling pressure may be over. Bitcoin rose 5.2% in the past 24 hours and is currently trading at $62,550.
Ben Simpson, founder of Collective Shift, said Bitcoin has formed a "local bottom" and is expected to enter an upward trend. eToro analyst Josh Gilbert noted that increasing odds of a Trump victory are among the key drivers behind Bitcoin's price rise.
Bitcoin price has reclaimed above $62,000, with analysts suggesting the worst of the selling pressure may be over. Bitcoin rose 5.2% in the past 24 hours and is currently trading at $62,550. Ben Simpson, founder of Collective Shift, said Bitcoin has formed a "local bottom" and is expected to enter an upward trend. eToro analyst Josh Gilbert noted that increased odds of a Trump victory are among the key drivers behind Bitcoin's price rise.
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