Bitcoin Remains In Bearish State Despite Recent Surge — Here’s Why

Although the Bitcoin price has recently displayed swift recovery to the upside, the broader picture still mirrors a bleak future for the flagship cryptocurrency. A new on-chain evaluation has surfaced, which suggests that Bitcoin’s recent price recovery could be happening within a broader, weak trend, with macroeconomic factors acting as the major influences.
Weak Japanese Yen Fails To Ignite Crypto Risk Appetite 
In a QuickTake post on CryptoQuant, education group XWIN Research Japan