Bitcoin Price Could Fall Back Despite Impressive Session Gains: Analyst4.8

The bitcoin price has surged up to 4.85 percent this Tuesday, but there is still a strong case of an imminent pullback.

According to Crypto Michaël, an Amsterdam-based cryptocurrency analyst, bitcoin lacked adequate follow-up volume that could sustain the ongoing upside price action. The bearish interpretation followed the textbook volume-price relationship, in which a price move up on a declining trading activity signals a selling sentiment.

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