Bitcoin Bulls Gain Ground: 5 Positive Signals, 2 Cautious Signs

Bitcoin’s price has experienced a remarkable rally over the past month and a half, defying bearish predictions that threatened to end its recent bull run. It now sits just 2% away from reaching its all-time high from January. This surge is fueled by a combination of factors, including substantial accumulation and bullish market sentiment. Let’s delve into the on-chain data and technical indicators suggesting Bitcoin’s potential for continued growth, while acknowledging some cautious signals emerging in the landscape.