đĽ BTCâS RALLY MAY NOT BE AS BULLISH AS IT LOOKS⌠HEREâS WHY
đ¨The reason behind the rally - shorts
đ˘CryptoQuant: Bitcoinâs 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.
đš Analysts say a full bullish trend will only be confirmed once Bitcoin holds above $83,000.
đ¨The reason behind the rally - shorts
đ˘CryptoQuant: Bitcoinâs 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.
đš Analysts say a full bullish trend will only be confirmed once Bitcoin holds above $83,000.
