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Bitcoin Shows Signs of Recovery: Is It the Start of a Real Trend or a Dead Cat Bounce?

  • Bitcoin rebounds above $78,000, offering hope for bulls, but technical signals suggest potential downside.
  • The recovery is tied to geopolitical uncertainties such as rising U.S.-China tensions and yuan devaluation.
  • Bitcoin hovers above the 50-week moving average, a lifeline for bullish investors.
  • The threat of a full-blown trade war and technical cues raise concerns about the future of Bitcoin's recovery.

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