Bitcoin Rebounds Strong After Recent Downturn: Market Indicators Point to Potential Bull Run

Despite a brief dip below $88,000 on Monday, Bitcoin experienced a swift rebound, exceeding $90,000 and demonstrating resilience. This recovery is driven by several factors, including the U.S. Federal Reserve’s shift away from quantitative tightening, leading to increased investor interest in high-risk assets, such as cryptocurrencies. Analyst Axel Adler believes that a key indicator – Bitcoin Futures Market Power index at 56.5 – signals upward momentum for the cryptocurrency.