Bitcoin price sees oversold bounce to $62K but will it hold?

Bitcoin price snaps back above $62,000, but technical traders are unsure whether the BTC downtrend is over.

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  • bitcoinBitcoin(BTC)$119,933.002.39%
  • ethereumEthereum(ETH)$3,389.8010.63%
  • rippleXRP(XRP)$3.086.33%
  • tetherTether(USDT)$1.000.04%
  • binancecoinBNB(BNB)$714.383.94%
  • solanaSolana(SOL)$175.878.64%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2141219.38%
  • staked-etherLido Staked Ether(STETH)$3,382.9010.58%
  • tronTRON(TRX)$0.3075782.11%
  • bitcoinBitcoin(BTC)$119,933.002.39%
  • ethereumEthereum(ETH)$3,389.8010.63%
  • rippleXRP(XRP)$3.086.33%
  • tetherTether(USDT)$1.000.04%
  • binancecoinBNB(BNB)$714.383.94%
  • solanaSolana(SOL)$175.878.64%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2141219.38%
  • staked-etherLido Staked Ether(STETH)$3,382.9010.58%
  • tronTRON(TRX)$0.3075782.11%