Bitcoin price data makes a strong argument for why the current price range is a buy-the-dip opportunity.
Bitcoin (BTC) price is down 1.85% over the last 24 hours and currently trades 17% below its all-time high of $73,835 reached on March 14.
Despite this performance, the technical setup, whale activity and on-chain data show that Bitcoin traders believe a trend reversal toward news highs could be in the making.
Data from Cointelegraph Markets Pro and TradingView shows Bitcoin price oscillating between $60,648 and $62,800 over the last 24 hours.