Bitcoin has found a bottom after plunging 60% from December highs, says technician

Bitcoin may have found its bottom, technician says Bitcoin may have found its bottom, technician says
3 Hours Ago | 02:03
Bitcoin has recouped the week's losses and is in rally mode as trade threats keep equities on the back foot. One market strategist says the major cryptocurrency may have finally found its bottom.

"When we step back, we see the first phase starting to happen. We think Bitcoin is starting to bottom off some very key support around $7,000 and we think it's going to start a recovery process here," Robert Sluymer, head of technical strategy at Fundstrat Global Advisors, told CNBC's "Futures Now" on Thursday.

ref: https://www.cnbc.com/2018/05/31/bitcoin-finds-a-bottom-after-plunging-from-highs-technician.html