Bitcoin’s Brief Rally Isn’t The End Of The Bear Market, Analysts Say
Exhausted sellers may be giving Bitcoin some breathing room — but analysts say that’s a long way from a recovery. Related Reading: SEC Vs. Justin Sun Case Ends In $10M Settlement, Traders Eye TRX Price Reaction US Buyers Return, Pushing Prices Off Multi-Week Lows Data from on-chain analytics firm CryptoQuant shows the Coinbase Bitcoin Premium — a measure of US-based buying demand — has flipped from its most negative readings in early February to its highest point since October. That shift helped carry Bitcoin to a one-month high of $74,000 on Thursday, briefly touching the 50-day exponential moving average
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