Bitcoin Surges, But Bear Market May Persist, Analyzes Future Resistance Levels - CryptoQuant

Still in a Bear Market?

CryptoQuant, a company specializing in on-chain analysis of digital assets, released its weekly market report on the 5th. Although the Bitcoin (BTC) market has risen due to a sense of security, it is likely indicative of a temporary recovery within an ongoing bear market, the report suggests.

It also estimates the resistance zones that might come into play if Bitcoin continues its upward trajectory.

Bitcoin experienced a sharp increase from the 4th to the 5th. This surge occurred amidst...