Bitcoin analyst Cheds believes that traders who were bearish on Bitcoin are changing their stance due to its recent bounce. He points out that Bitcoin's recovery after dropping below $90,000 indicates a strong uptrend. Cheds identifies a high wave doji candlestick and a W double bottom pattern, both suggesting bullish trends and a new uptrend. With Bitcoin now trading above $96,000, Cheds predicts that those who predicted more downside for Bitcoin will switch to a bullish stance. However, he also notes that bears will eventually have their moment, but it is not yet time for them to dominate Bitcoin's trend.



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