Bitcoin's Surge to $79K Not a Genuine Bull Run: Samson Mow

Bitcoin's recent surge to $79,000 has left many investors optimistic about its future. However, Samson Mow claims that this rally is not a genuine bull run. According to him, Bitcoin's price last year reached an all-time high of $126,000, but this was merely a response to inflation rather than explosive growth.

Mow's perspective challenges the common view that Bitcoin has yet to experience a true bull run. The crypto market is still recovering from its downturn, and investors are eager for signs of recovery. Despite Mow's cautionary view, the long-term chart shows major upside scenarios with Fibonacci targets ranging from $...