Bitcoin Bear Market: 2021-2022 Weak Market Structure Resurfaces — Details

TL;DR:

Over the past week, Bitcoin (BTC) finally broke out of a longstanding consolidation phase, moving decisively above the $90,000 mark. During this time, the leading cryptocurrency traded as high as $94,700 before a sudden rejection that has since forced prices to move within the $90,000-$92,000 range....

Key Points:

Background:

Bitcoin is the first and largest cryptocurrency by market capitalization, often viewed as digital gold and a store of value.

Why It Matters:

This development could influence BTC price action and market sentiment in the near term.