Bitcoin rally to $86K shows investor confidence, but it’s too early to confirm a trend reversal

Bitcoin (BTC) remains under pressure as macroeconomic uncertainty continues to weigh on its price action. After making a strong bounce from the local bottom near $75,000 on April 7 and 9, analysts are beginning to question whether BTC could be gearing up for a reversal of the downward trend that’s persisted since the start of the year. BTC/USD 1-day, RSI 1-week source: https://cointelegraph.com/news/bitcoin-rally-to-86-k-shows-investor-confidence-but-it-s-too-early-to-confirm-a-trend-reversal?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound