Bitcoin Market Outlook: Can Recent Demand Surge Lead to a Trend Reversal and Higher BTC Prices?

Bitcoin’s demand is showing early signs of recovery, according to an on-chain analytics chart. In the last seven days, the Bitcoin market has surged by nearly 8%. While some investors are hopeful that this could mark the start of a bullish trend, crypto analysts like Teddy caution against premature optimism. Here is a closer look at what the data really means