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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