Bitcoin’s demand is showing early signs of recovery, according to an on-chain analytics chart. In the last seven days, the Bitcoin market has surged by nearly 8%. While some investors are hopeful that this could mark the start of a bullish trend, crypto analysts like Teddy caution against premature optimism. Here is a closer look at what the data really means
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Bitcoin Market Outlook: Can Recent Demand Surge Lead to a Trend Reversal and Higher BTC Prices?
Bitcoin’s demand is showing early signs of recovery, according to an on-chain analytics chart. In the last seven days, the Bitcoin market has surged by nearly 8%. While some investors are hopeful that this could mark the start of a bullish trend, crypto analysts like Teddy caution against premature optimism. Here is a closer look at what the data really means