ambcrypto.com: Bitcoin bounces above $28,000 – Will the momentum continue?

• BTC’s buying sentiment in the derivatives market was dominant.
• Bitcoin was down by over 1% in the last 24 hours, and a few indicators were bearish.

After a long wait, Bitcoin [BTC] has risen above the $28,000 mark, sparking excitement among investors. Data from Santiment revealed that the uptrend happened when a large number of BTC tokens were accumulated in the recent past. Though high accumulation was the driving force that powered the uptrend, other factors were at play at the same time.

Is…