Why has Bitcoin started increasing in price again. Is-this-just-a-dead-cat-bounce?

Remember that the overall markets, including the stock market, are currently in a state of uncertainty, despite the fact that US inflation has been reduced to zero, which is good news.

According to the majority of crypto analysts, the "just-cooling-off" bloodbath has been primarily driven by the Fed-induced rate hike, over-leveraged crypto firms, and miners being forced to offload their holdings when their lost-in-value collaterals were at risk of liquidation.

Fortunately, Bitcoin and other ALTs (alternative cryptos) - are now enjoying a relief rally, as there is more positive news in the market, particularly the rumored fact that the Feds would need to print more money into the market right now to ease economic tensions, and the Ethereum merge update due for September, 2022.

Short TA: BTC is currently trading at $23,948 after reaching a local high of $24,915 the day before, and a buy or recurrent buy between $23,500 and $21,150 is the best way to reward yourself while aiming for a move beyond $27,000 to $30,000 in the short term.

Is this just a dead cat bounce? No, true Believers are still hodling and thus accounts for 77% of BTC total supply.
> UPDATE - Feds actually injected a new $6.3 trillion. Satoshi will do justice to that.