Bitcoin is not in an uptrend. It is still in an accumulation phase.
On-chain momentum remains weak despite the recent price recovery. This suggests we should expect a more monotonous, slow-moving market, with plenty of unmet expectations along the way.
In other words, according to what the on-chain data is telling us, Bitcoin may need more time before a sustainable bullish trend can emerge.
On-chain momentum remains weak despite the recent price recovery. This suggests we should expect a more monotonous, slow-moving market, with plenty of unmet expectations along the way.
In other words, according to what the on-chain data is telling us, Bitcoin may need more time before a sustainable bullish trend can emerge.