Bitcoin price news: What next as BTC, ETH, SOL rally 8% from welows
Bitcoin and major cryptocurrencies staged a relief rally after a brutal weekend sell-off triggered billions in liquidations.Summary
Bitcoin rebounded toward $79,000 after dipping below $75,000 over the weekend, leading a relief rally across major tokens like Ether and Solana following a significant sell-off that caused billions in liquidations. Gabe Selby, head of research at CF Benchmarks, suggested the recent washout retested and briefly undercut April 2025 lows around $74,000, potentially marking the end of a bearish sequence that started with an October 2025 deleveraging event. Selby stated that Bitcoin is now at a clear inflection point, requiring aggressive, high-volume buying to establish a new bullish structure, otherwise downside risks toward $70,000 remain. The weekend decline was attributed to heavy long liquidations, risk-off flows, and regulatory headwinds, though Asian markets also rebounded, helped by stabilizing gold and silver prices.
(Source：CoinDesk)