Bitcoin Eyes Bullish Reversal Above Key Support as Miners’ Profitability Signals Market Bottom

Bitcoin has recently witnessed an upswing in demand near a significant support level, leading to a minor recovery above the 200-day moving average at $59.2K. This movement underscores the potential for a bullish reversal if the price stabilizes above the 200-day moving average. Technical indicators and historical patterns may provide further insights into this potential

Source: CoinOtag