Bitcoin bulls have “lots of work to do” as they attempt to claw back lost ground after two-month BTC price lows.
Bitcoin (BTC) faces major resistance, which is keeping the BTC price rebound below $60,000.
While recovering up to 6.2% from this week’s lows, BTC/USD has not managed to break through key trendlines, data from Cointelegraph Markets Pro and TradingView confirms.
Bitcoin saw a 23% pullback from all-time highs through April and into May, and so far, the odds of a return to BTC price discovery remain low.
