Bitcoin’s Recent Uptick Faces Uncertain Future Amid Bearish Technical Indicators: CryptoQuant Analysis

Bitcoin shows a minor recovery from its recent lows but technical indicators suggest a continuing bearish trend. The cryptocurrency fell to $53,500 earlier this month, largely attributed to sell-offs from the US, Germany, and Mt. Gox. Despite a slight rebound to $59,000, experts are cautious about declaring a bullish reversal as market indicators remain mixed.

Source: CoinOtag