Bitcoin price could bounce to $35K, but analysts say don’t expect a ‘V-shaped recovery’

May 13, 2022 Cointelegraph By Jordan Finneseth

Daily closes above $30,000 could be a sign that BTC price is ready to consolidate, but traders warn against “generational bottoms” and “V-shaped” recoveries.

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Name	Price	24H (%)
Bitcoin (BTC)	$29,483.00	0.70%
Ethereum (ETH)	$1,948.62	-0.70%
Tether (USDT)	$1.00	-0.10%
BNB (BNB)	$326.60	1.30%
XRP (XRP)	$0.398976	-1.60%
Cardano (ADA)	$0.51	-0.55%
Solana (SOL)	$47.98	-2.91%
Shiba Inu (SHIB)	$0.000012	-1.18%
Uniswap (UNI)	$5.43	-3.55%