Amid signs of a thawing crypto bear as Bitcoin BTC/USD hit the $35,000 mark briefly, a well-known crypto analyst has questioned the potential end of its bearish trend and analyzed key price ranges that could determine its future trajectory.

Rekt Capital’s latest analysis provides some insights on whether the bearish thesis for Bitcoin and Ethereum ETH/USD is over.

Bitcoin’s monthly performance, with a rise of more than 14%, has been commendable.

Observers noted a potential monthly range formation between approximately $27,150 to $30,450.

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