Bitcoin’s Bear Market Isn’t Over? These Analysts Expect a Major Crash in the Short Term

It sounds almost surreal that only weeks ago BTC was fighting to stay above $60,000, while it now trades around $80,000. Its awakening has sparked widespread enthusiasm within the community and prompted analysts to call for an end to the bear market.

However, not all are convinced that the bulls have fully regained control, as some expect the resurgence to be a major trap that could lead to a collapse well below $50,000. Sharp Red Candle Incoming?

The past several days have been wild for the entire cryptocurrency market and have positively surprised the investors who might have grown tired and uninterested during the prolonged bearish cycle.

Bitcoin jumped by 23% over the last week, briefly exceeding $81,000, and here are the exact factors that sparked the rally.