Bitcoin has experienced a significant recovery from its July low of around $58,000, climbing above $86,000. This nearly 47% increase from its low point has strengthened investor expectations of a new uptrend, although there is a possibility that $BTC may retest its previous lows.
At this point, a notable warning came from Binance Research.
According to a recent report by Binance Research analysts, in a significant portion of past movements similar to Bitcoin’s current recovery, the price has retested its previous lows in a short period of time.
