Bitcoin’s rally is still just a bear market bounce unless it reclaims this key level
Bitcoin (BTC) moved from roughly $67,000 to $72,000 in the days surrounding the US-Israel-Iran ceasefire announcement, a 7.5% rebound that reduced volatility and lifted sentiment across risk assets. Glassnode’s Apr. 8 Week On-chain report noted that the bounce and stabilization still fit the fingerprint of a bear market rebound. BTC still trades inside a bear
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