Bitcoin's recent technical rebound is seen by traders as a short-term recovery amid prolonged bearish trends. Venezuelan analyst David Battaglia warns that the bullish structure remains incomplete, describing the current market calm as 'the silence before the roar.' He highlights significant negativity and liquidation among weak investors, advising caution.
Data from Glassnode shows Bitcoin approaching oversold levels, with potential stabilization if selling pressure diminishes. Analyst André Chalegre notes that U.S. macroeconomic uncertainty and global monetary policy differences continue to impact Bitcoin's short-term movements.
Bitcoin's Technical Rebound Viewed as Temporary, Analysts Caution
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