Bitcoin Sweeps Low, Continues To Range

Bitcoin continues to range sideways, basically from $60,000 to $74,000, give or take. As you can see, the sweep of the range lows was effective, with two wicks below and one perfectly touching the range lows as support. For now, this looks like a local bottom is once again in, which was a bit obvious (in hindsight) from the chart and from the sentiment. Remember how euphoric people were at $74,000, with memecoins going insane and charts overbought with bearish divergence? At the lows we had a number of altcoins oversold and people calling for the end of the bull market.

That is why charts “work.”