Bitcoin Slows Its Bearish Momentum Following Daily Close; Factors to Consider

Bitcoin is currently flashing some notable signs of strength following the bout of weakness seen throughout the past couple of weeks. That being said, the cryptocurrency has since posted a strong $1,000 rebound from these lows, signaling that bulls aren’t ready to cede control over its near-term trend.

BTC’s Latest Daily Close Strikes a Blow to Bears’ Momentum While speaking about Bitcoin’s near-term outlook, one analyst observed that the daily close above $10,500 has muddied the waters as to the crypto’s near-term trend. How Bitcoin trends throughout the coming few days should offer insights into the mid-term outlook of the aggregated crypto market.

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