🔥 BTC’S RALLY MAY NOT BE AS BULLISH AS IT LOOKS… HERE’S WHY
🚨The reason behind the rally - shorts
📢CryptoQuant: Bitcoin’s rally was driven by short covering, not demand from new buyers.
Despite a Bull Score of 70 and BTC being up 24%, most of the move was driven by a short squeeze.
🐹 Analysts say a full bullish trend will only be confirmed once Bitcoin holds above $83,000.
🚨The reason behind the rally - shorts
📢CryptoQuant: Bitcoin’s rally was driven by short covering, not demand from new buyers.
Despite a Bull Score of 70 and BTC being up 24%, most of the move was driven by a short squeeze.
🐹 Analysts say a full bullish trend will only be confirmed once Bitcoin holds above $83,000.
