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Cryptocurrency Analyst: Signs of Bitcoin Bounce Back After Recent Correction

A well-known cryptocurrency analyst has stated that he is seeing signs of a reversal in the recent downtrend in Bitcoin (BTC). An anonymous analyst at Credible Crypto on Platform X (formerly Twitter) said that the activity of Bitcoin traders indicates that the digital currency may be preparing for a short-term buying wave. He believes that with the increase in demand in the spot market and the constant volume of futures transactions, the conditions are ready for the rise of Bitcoin. The analyst also shared a chart showing that Bitcoin is poised to bounce back after temporarily falling below the $54,600 support. He believes that the Bitcoin chart has formed a divergence, which is usually a sign of a sudden change in direction.✨