Bitcoin's Recent Price Surge Likely a Bear Market Rally, Says CryptoQuant

According to BlockBeats, on January 17, blockchain data analysis firm CryptoQuant highlighted that Bitcoin's recent price increase appears to be a temporary rise rather than a sustained recovery, as market demand remains weak. In a report released on Friday, CryptoQuant noted, "Bitcoin has risen 21% since November 21, which seems to be a bear market rally. Although demand conditions have slightly improved, they remain weak. " A bear market rally refers to a sharp price increase within an overall downward trend, without altering the fundamental bear market structure source: https://www.binance.com/en/square/post/35190488385594?utm_source=BinanceNewsRSS