Are Higher Lows A Sign of a Growing Bitcoin Bull Run?

Are Higher Lows A Sign of a Growing Bitcoin Bull Run?

Bitcoin has seen a lot of sideways price action during this week but might be able to extend its gains and regain higher grounds. The cryptocurrency continues to trade in the green and seems to be showing signs of further short-term appreciation.

At the time of writing, Bitcoin trades at $23,200 with 9% profits over the past week and 1% profits in the last 24 hours.

BTC’s price trends moving sideways on the 4-hour chart. Source: BTCUSDT Tradingview

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Over the last week, Bitcoin has provided more clarity about its price direction. According to a report from Arcane Research, the cryptocurrency has managed to slowly break above the critical resistance levels at $20,000, $20,700, and $23,000, this coincides with the conventional definition of an uptrend, as

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