Deep Tide TechFlow News, on March 6, according to The Block, CryptoQuant research director Julio Moreno stated that the recent rebound of Bitcoin above $73,000 might just be a short-term "temporary rebound" rather than the start of a new bull market cycle. Although selling pressure has eased since early February and US investor demand has increased, macro and on-chain indicators still show a bear market environment. CryptoQuant's Bitcoin bull market index remains at 10 out of 100, indicating that the fundamentals and technical indicators related to a bull market cycle have not yet recovered. If Bitcoin continues to rise, the next key resistance levels could be around $79,000 and $90,000.

BTC-3,17%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin