BTC recovery from dips is slowing, warns analyst

YouTuber and crypto trader Jason Pizzino argued that while there are signs of a trend reversal for Bitcoin, it is too early to confirm that a bottom has been formed. In a post on X, he noted that it took Bitcoin 12 weeks to recover its losses after a sharp drop earlier this year, a slower pace compared to past recovery periods of eight and two weeks. Pizzino explained that a long-term trend reversal can only be confirmed when price, time, volume, sentiment, liquidity, and momentum align. He cautioned that buying before these conditions are met is akin to catching a falling knife.