Bitcoin (BTC) price edged above $56,600 on Sept. 9 as markets sprang back from an “exaggerated” reaction to August’s payroll report. Data from Cointelegraph Markets Pro and TradingView showed Bitcoin price action recording gains roughly 8.3% above the week’s $52,546 lows. Today’s reversal in Bitcoin’s price direction has many traders wondering if the bottom might be in for BTC. Bitcoin’s weekly close provided some “good news” Bitcoin’s recent drawdown accelerated on Sept. 5 after the August payrolls report came in slightly weaker than expected. What followed was a steep correction that saw Bit…