A widely followed crypto analytics firm is seeing signs of Bitcoin (BTC) leaning towards a bullish reversal of its current trend.
Swissblock says selling pressure is letting up on the king crypto.
[adinserter block="1"]“Bitcoin, what is the plan?
After defending the critical zone, BTC’s next move is all about consolidation and confirmation.
Hold structure, reclaim $108,000–$110,000 pivot zone, and momentum starts igniting.
Selling pressure is easing, and BTC is giving early signals of a bullish reversal.”
According to digital asset analytics firm Glassnode, one important technical indicator also points to relieving selling pressures.
“The Relative Strength Index (RSI) has rebounded from sub-30 readings, indicating that selling pressure may be waning. This aligns with a mild improvement in cumulative volume delta, showing reduced aggression from sellers and a gradual return of two-way flow. Spot trading activity remains elevated near recent highs, confirming sustained participation and the potential for volatility expansion should price break beyond short-term resistance levels around $111,000–$116,000.”
However, Glassnode does still see BTC’s upside conviction as “limited”.
“Bitcoin appears to be testing a critical inflection zone. Market conditions remain cautious yet constructive, with improving momentum, stabilizing flows, and signs of a potential local bottom forming around $100,000. This range between $100,000 and $108,000 could mark a mid-term base of support, though the broader macro downtrend in profitability continues to anchor sentiment and limit upside conviction.”
BTC is worth $103,534 at time of writing, down 10% in the last 14 days.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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