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Key points:
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Bitcoin has turned up sharply from the $60,000 level, opening the door for a retest of the breakdown level at $74,508.
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Several major altcoins have started a relief rally, which is expected to face selling at the moving averages.
Bitcoin (BTC) recovered sharply above $69,000 after plunging to $60,000 on Friday, indicating solid buying at lower levels. BTC’s fall has hurt sentiment, pulling the Crypto Fear & Greed Index to a score of 9 out of 100, the lowest since June 2022.
The big question…
