Bitcoin Market Rebounds: Signals Point To Potential Bullish Trend

Bitcoin, the world’s leading cryptocurrency, has seen a significant resurgence in its market value, climbing back up to $59.3K after a period of volatility. This surge is accompanied by an intriguing indicator: 84.4% of the network’s available supply is now in profit, marking its lowest level in two months. 

Traditionally, such dips in this ratio tend to signal more favorable conditions for bullish activity.