In the midst of an unfavorable macroeconomic scenario, the market is desperate for a Bitcoin rebound. In the recent weeks, the Bitcoin (BTC) price movement and trading activity has been quite stagnant. After falling from the $22,000 range last month, BTC continued to fluctuate around the $19,000 figure. Overall, a prolonged sideways movement in BTC price pattern meant huge anticipation for a rally at least in the short term.
The sluggish BTC movement comes at a time when there is a global financial instability. For close to four months now, the market marred with several setbacks has been experiencing a crypto winter situation. The downfall star
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