Bitcoin is facing bearish signals despite staying above $90,000, leading traders to be cautious about a potential reversal. Matrixport, a Singapore-based blockchain firm, reports expanding lower Bollinger Bands and an approaching Greed & Fear Index of 10, which historically indicates tradable lows. The 30-day rolling return is nearing -10%, suggesting a potential opportunity for a trend reversal if key support levels hold. While Bitcoin is still in a bull market based on the 21-week moving average, trading volumes are down and stablecoin minting is subdued. Traders are locking in profits quickly, and historical patterns suggest a consolidation phase may be approaching. A turning point could occur if Bitcoin breaks above $103,000. However, the longer Bitcoin consolidates, the lower the trigger price point for a bullish signal becomes. Recent inflows of capital from altcoins are helping to hold the $90,000 level, but the signal line is declining. Despite the bearish signals, Bitcoin's volatility and wealth creation potential continue to attract strategic investors.



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