Why Bitcoin Isn’t In The Clear Yet, Despite BTC Rally Past $4,6005.2

It would be hard to deny that the past two weeks have been integral for the long-term prospects of Bitcoin (BTC). It staved off collapsing below the long-term trendline, and moved above key resistances, especially the 200-day moving average, with monumental levels of volume to match.

While all this seems to signify that a crypto bull rally is on the horizon, this may not exactly be the case. In fact, citing a key trend indicator, a chartist opined that it is a bit too early to be bullish just yet.

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