Yes, Bitcoin (BTC) Recovered, But Bears Are in Control

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Bitcoin shows some strong movements on market, but at same time, bears were never losing control

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However, the overarching narrative remains bearish. Bitcoin's inability to break through key EMAs such as the 26 and 50, coupled with ongoing high-risk signals from market indicators, suggest that bears currently have the upper hand. We are now watching to see if Bitcoin can maintain its hold above the $60,000 mark or if it will succumb to another round of sell-offs, confirming the bearish trend.

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