17 hour ago
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Bitcoin Struggles Below $90K as Bearish Momentum Persists
Bitcoin Struggles Below $90,000 Amidst Bearish Signals
- Bitcoin hovers near $89,000 after failing to maintain levels above $90,000.
- The market remains indecisive, with concerns over whether the recent pullback is temporary or signals a deeper correction.
- Analyst Axel Adler highlights that Bitcoin has been in Bear Mode for 83 days, with momentum indicators turning negative since January 19.
- The Trend Pulse indicator shifted from Neutral to Bear Mode, driven by a negative 14-day return and SMA30 vs. SMA200 trend signal.
- Bitcoin’s quarterly return is at -19%, indicating macro weakness but not extreme enough to suggest a definitive bottom.
Indicators Highlight Ongoing Pessimism
- The last Bull Mode signal was on November 2, 2025, when BTC traded near $110,000.
- A shift from Bear to Neutral requires a 14-day return above 0, while returning to Bull Mode needs SMA30 crossing above SMA200.
- Bitcoin’s quarterly return at -19% suggests moderate pessimism without full capitulation.
- The 7-day change of -6.8% indicates accelerating downside momentum post-$90K breakdown.
Moving Averages Cap Bitcoin's Recovery
- Bitcoin trades below key moving averages, signaling bearish momentum.
- Recent attempts to push into the $95K–$97K range were met with rejection, leading to a price drop.
- Volume increases during selloffs suggest stronger downside pressure.
- Reclaiming $90K and maintaining above $92K–$94K is crucial for bulls to avoid further declines toward mid-$80K.
