Analysts increasingly see BTC as having already bottomed

Analysts increasingly believe Bitcoin has already bottomed, according to CryptoPotato. The outlet said BTC rebounded after hitting a low near $58,000 in early July and was recently trading about 16% higher. Against that backdrop, several widely followed analysts, including Ali Martinez, Michaël van de Poppe and Merlijn The Trader, have suggested Bitcoin may already have found its bottom. Another analyst, TedCcrypto, said the uptrend is likely to continue as long as Bitcoin holds support at $63,000, while MaxCrypto said BTC has broken above a 10-month downtrend line and appears ready to shift into an uptrend. Rekt Fencer also projected Bitcoin could rise to $400,000.