Bitcoin copying 2022 'bear market rally' despite 21% BTC price gains - Source: CoinTelegraph

Bitcoin bulls risk a reality check as BTC price action mimics the 2022 “bear market rally.”

Key points:

• -Bitcoin “appears” to be at the start of another bear market as price remains below its yearly moving average.

• -The latest rebound makes clearing the trendline at $101,000 all the more important.

• -Exchange inflows show sellers exiting in advance throughout this week.

Story continues: https://cointelegraph.com/news/bitcoin-copying-2022-bear-market-rally-despite-btc-price-gains