๐ฅ BTCโS RALLY MAY NOT BE AS BULLISH AS IT LOOKSโฆ HEREโS WHY
๐จThe reason behind the rally - shorts
๐ขCryptoQuant: Bitcoinโs 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.
๐น Analysts say a full bullish trend will only be confirmed once Bitcoin holds above $83,000.
๐จThe reason behind the rally - shorts
๐ขCryptoQuant: Bitcoinโs 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.
๐น Analysts say a full bullish trend will only be confirmed once Bitcoin holds above $83,000.
