Bitcoin and altcoins saw strong double-digit price rebounds after this week’s brutal sell-off, but do technical charts forecast a longer-term recovery, or is today’s rally just a dead cat bounce?
Key points:
Bitcoin has turned up sharply from the $60,000 level, opening the door for a retest of the breakdown level at $74,508.
Several major altcoins have started a relief rally, which is expected to face selling at the moving averages.
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