Analyst: Despite Bitcoin's rebound after falling, its weekly chart remains bearish

Although Bloomberg expects Bitcoin to return to the $ 8,000 range and may continue to rise to a high of $ 8,000, some analysts insist that Bitcoin is still in a bearish trend no matter how the GTI Vera index shows. Cryptocurrency analyst NebraskanGooner tweeted today that despite bitcoin's rebound after falling, its weekly chart remains bearish, noting that BTC failed to break through the 99-week simple moving average cut-in and horizontal resistance levels. He later added that the "increased buyer's volume" statement was obviously a misnomer and the volume indicator was bearish again.