Bitcoin has experienced a 7.5% rebound, rising from approximately $67,000 to over $72,000. According to NS3.AI, Glassnode suggests that this movement still aligns with a bear-market bounce unless Bitcoin can reclaim the $81,600 level. The report identifies the $69,000–$71,500 range as near-term support, with the True Market Mean at $78,000 potentially serving as the ceiling for a relief rally.
Despite the recent price increase, spot demand for Bitcoin remains weak. ETF flows are showing only modest improvements, and options traders continue to pay a premium for downside protection, indicating cautious sentiment in the market.#Bitcoin #Crypto #BearMarket #Rally #PriceAnalysis #MarketSentiment #ETF #Trading #BTC