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Bitcoin’s risk level eases, but a short-term breakout remains uncertain – Why?
Speculators’ risk appetite for BTC improved with bids from long-term holders. However, bulls could only confirm market edge if they reclaimed $91.5K. Speculative interest in Bitcoin recovered slightly, pushing it to $88K, but a strong, sustained recovery path wasn’t clear yet, at least at press time, according to analysts.
According to Swissblock, an analytics firm founded by Glassnode creators, risk aversion eased slightly but didn’t guarantee a breakout. “Market risk easing…Now below the 25 threshold, signaling a shift into a low-risk regime. A key step in the bottoming process. Reduces the likelihood of a sharp drop but doesn’t guarantee a breakout.”
Source: https://ambcrypto.com/bitcoins-risk-level-eases-but-a-short-term-breakout-still-uncertain-why/
