Svmuu News: On-chain data analytics firm CryptoQuant noted that Bitcoin’s recent price rebound appears to be a temporary bounce rather than a sustained recovery, as market demand remains weak.In a report released on Friday, CryptoQuant stated: “Bitcoin has risen 21% since November 21, which appears to be a bear market rally. While demand conditions have improved slightly, they remain weak. "A bear market rally refers to a sharp price rebound within an overall downtrend that does not alter the market’s fundamental bearish structure. Research Director Julio Moreno noted that the ongoing trend of shrinking demand continues to underpin Bitcoin’s current rally. Bitcoin After a previous decline of approximately 19% that saw it fall below the 365-day moving average, the price has risen by about 21% since November 21. CryptoQuant views this moving average as a key dividing line between bull and bear markets; once Bitcoin falls below this line, it confirms the arrival of a bear market.Analysts note that the current price action bears a strong resemblance to the situation in 2022—when Bitcoin also staged a strong rebound after breaking below the 365-day moving average, only to be met with resistance as it approached the line and resume its downward trend.