After 8 days and 12 hours, Bitcoin 
$97,459 has surged to surpass the $98,400 level, bringing an end to the nightmare for cryptocurrency investors who have been anxiously awaiting this moment. The critical question now is: what is fundamentally driving this increase? Furthermore, what can investors anticipate in the days ahead?
Why is Bitcoin Rising?
Considering we are in an upward trend, a rebound like this was expected. However, it is still too early to assert that we have seen a definitive upward breakout since there was a brief rise 8 days ago, which was followed by a drop back to $92,000. Bitcoin has experienced a downturn for 17 days and 3 hours since its all-time high.
In strong upward trends, prolonged periods of weakness should not occur. During this 17-day stretch, a…
