Bitcoin Price Recovery Falters as Bearish Trends Resurface

Bitcoin on-chain data shows "uncertain" conditions as speculative investors display behavior reminiscent of 2022 bear market.

Realized cap of 1-month old Bitcoin supply has collapsed back to below $20 billion, similar to bear market bottom.

This metric reflects market volatility and inconsistent recovery, impacted by macro issues.

Analyst says market likely to remain uncertain without significant uptrend by year's end.

Newcomers should not expect continuous, strong price increases like in early 2023.