Here’s Why the Aftermath of Yesterday’s Bitcoin Rally May Not Be Bullish

Bitcoin’s bulls were pleased to witness yesterday’s rally, which allowed the cryptocurrency to surge as high as $7,400 from its recent lows of $6,800 that were set earlier this week when bears attempted to generate another capitulatory BTC downtrend.
The aftermath of this movement may not be as bullish as some investors had previously hoped, however, and a few factors point to the possibility that BTC will push higher as long positions overleverage themselves, leading to a subsequent