BTC exits capitulation phase and regains momentum, Swissblock says

Bitcoin has moved out of its capitulation phase and is recovering upward momentum, according to on-chain analytics firm Swissblock. Swissblock added, "Bitcoin is back in a transition phase." It said upward momentum is returning, although no signal strong enough to confirm a trend reversal has emerged yet. As a result, the firm said this phase could mark the start of a new uptrend or a pause before the bear market continues.