Bitcoin price faces resistance above $68,000

Bitcoin has experienced a relief bounce after falling below $60,000, but analysts suggest this is not a definitive bullish revival. For a true uptrend, Bitcoin needs to reclaim key price levels, specifically between $79,000 and $80,000. Anything below this range is considered a corrective move within the existing bear market. The cryptocurrency's recovery is contingent on several factors, including softening inflation data, stabilizing Treasury yields, and a reversal of outflows from Bitcoin ETFs, which have seen significant redemptions recently.