Bitcoin Breaks Through Bull Market Structure as Trading Volume Rebounds

The cryptocurrency market has shown significant recovery over the past week, with total market capitalization rising from $2.21 trillion to $2.64 trillion and daily trading volume climbing from $40 billion to $162 billion.

However, daily trading volume has fallen back to around $109 billion, which raises questions about market momentum.

Despite this, Bitcoin's market structure has shifted from a bear market to a new bull market cycle, and the options market is signaling bullish sentiment.