Bitcoin rebounded from a steep fall after Federal Reserve officials hinted at potential interest rate cuts, with analysts pointing to $80,500 as a possible short-term market bottom.
Bitcoin dropped from $96,000 to $80,600 on November 21 before rebounding to $86,000 following remarks from multiple Federal Reserve officials about possible interest rate cuts. Analysts highlighted $80,500 as a key bear market low, noting high trading volume and turnover as indicators of a potential short-term bottom.