5 Reasons why Bitcoin price is recovering to 50k after May crash from ATH $64,8k to $28k

5-Reasons-why-Bitcoin-price-is-recovering-to-50k-after-May-crash-from-ATH-648k-t

1. After China ban mining we observed slowly Hashrate recovery.
2. Weak hands sold Bitcoin at a loss. Fear and Greed index shows that people was in extremely fear and nobody want bought bitcoin.
3. Short squeeze on futures market 21-26 July.
4. BTC: All Exchanges shows massive buying after short squeeze (21-26.07).
5. BTC Miners are lowering sales pressure from May 17.
Short term prediction -> retest price range between $48-49k and then goes up over $51k then generate new HL and HH -> 57k.