Bitcoin Buyers Emerge: Price Breaks New Ground After Seller Exhaustion

After a significant drop to $74,400 in April, Bitcoin (BTC) has rebounded over 11%, surpassing its April lows and sparking renewed optimism among analysts. On-chain data suggests sustained recovery is likely, with notable mentions from prominent analysts like AlphaBTC and Rekt Capital. These experts believe that maintaining above the $81,500 level will be crucial for further price growth. The recent resurgence comes after Bitcoin reclaimed the psychological $80,000 threshold, signaling potential upside despite some short-term headwinds.