NewsBTC
Follow
Bitcoin Market Base Turns Neutral-Bearish As Flows Stay Weak
Bitcoin's price has entered a period of consolidation around the $110,000 level following recent selling pressure and uncertainty. Bulls are attempting to defend this crucial support, but momentum has noticeably weakened. The market is in a holding pattern as investors assess whether Bitcoin will stabilize or decline further. Despite this weakness, there are no immediate signs of a significant correction, and past retracements within bull markets have often acted as resets. Holding above current levels is vital, as a break below could embolden bears and shift sentiment. Analyst Axel Adler describes the current environment as neutral-bearish, lacking the conviction for a decisive upward move. Short-term recoveries are expected to be technical bounces rather than sustained rallies, with limited upside toward $113,000. For a true bullish reversal, two key thresholds—flow above 55 and price index above 50—must be met. Bitcoin is currently showing resilience above $110,000, but faces resistance around the 50-day moving average. Failure to hold $110,000 could lead to tests of $108,000 and the psychological $105,000 zone.
