After Plunging with Broader Markets, Bitcoin Price Regains Footing Above $6,300

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While the major cryptocurrencies experienced an oversold bounce in Asian trading today, the key technical breakdowns in the segment are intact. The top altcoins extended their losses before the bounce, but Bitcoin held up relatively well again, avoiding a test of the $6000 level and staying well above the key long-term support zone that might be in focus in the coming week.

ETC/USD, 4-Hour Chart Analysis

Some of the weakest coins, like Ethereum Classic, NEO, and IOTA are already trading below or at their previous bear market lows, but the majority of the largest digital currencies are still above the lows, keeping the hope of a higher swing low or a successful test of the lows alive. That said,

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