Bitcoin Rally Is Not a Bull Run Yet, Analyst Warns
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Predictions Markets
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- Analyst says current Bitcoin move is a relief rally, not a true bull market.
- Key support levels to watch are $65,900, $63,000, and $59,000.
- Resistance at $92,000–$98,000 must break to confirm a new bull cycle.
The mood in the crypto market is shifting. Bitcoin is rising, sentiment is improving, and traders are again talking about new highs. However, analyst Virtual Bacon is urging caution.
Crypto analyst, Virtual Bacon argues that the current move looks more like a relief rally within a broader bearish trend, not the start of a new bull run. He stressed that understanding this difference is important, especially when managing risk in volatile conditions.
The Three Numbers That Matter Right Now
Cut through the noise, and the analyst says these are the only levels worth watching:
The analyst says three key levels matter for Bitcoin. First, $65,900 must hol…
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