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Home›Crypto›Market Structure›Bitcoin rebound still seen as bear-market recovery

Bitcoin rebound still seen as bear-market recovery

Reported · Written up by our desk · Market Structure

CryptoQuant said bitcoin’s recent rebound should be treated as a bear market recovery rather than a durable trend reversal.

According to The Block, the view implies traders should not assume the recent strength signals a new sustained uptrend.

Latest closeBitcoin $63,973.36 ▲0.2%

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Sources

The BlockCryptoQuant says bitcoin rebound remains a bear-market recovery, not a trend reversal

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