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Is this a sure-shot sign of a Bitcoin bull market

From ambcrypto.com

In a surprising turn of events, Bitcoin reaffirmed its king coin status by swiftly climbing above $35K and testing the $40K mark. Now, while many might think that the aforementioned recovery is an onset of a bull market, marking the end of the long and dreadful price falls, others believe these are short-term gains that won’t hold much longer. In fact, the latter theory cannot be discarded looking at the almost 7% price fall in eleven hours towards the end of July 26. Tops taking Bitcoin to its top? After falling and consolidating sideways for over three months, Bitcoin finally seemed to be on a path to recovery. ... (full story)

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  • Category: Technical Analysis