Bitcoin has experienced a significant decline, revisiting the same low that was previously tested during the SEC lawsuit concerns on platforms like Binance and Coinbase. The recent formation of a low on the hourly timeframe suggests the presence of an important support level. This support has previously resulted in a strong buyback, indicating the potential for another short-term rebound. It is crucial to closely monitor the price action and market developments to assess the strength and sustainability of any potential buyback.
