Bitcoin Turns Bearish — Is More Downside Coming? ($BTC )
Bitcoin is showing increasing bearish pressure as price struggles to regain key resistance levels. After failing to sustain recent rebounds, $BTC
remains in a vulnerable technical position.
📉 Market Structure Still Weak
Bitcoin continues forming lower highs and lower lows, confirming a short-term downtrend. Each recovery attempt has been rejected near resistance, indicating sellers remain in control.
As long as this structure remains intact, upside moves may stay limited.
📊 Volume Suggests Distribution
Recent price declines came with rising trading volume, which often signals distribution rather than accumulation. When volume increases during drops, it reflects stronger selling interest.
Derivatives activity also shows traders reducing risk instead of adding aggressive long exposure.
📉 Momentum Remains Soft
RSI is holding in lower zones
Price remains below short-term moving averages
No confirmed bullish divergence
This suggests momentum has not shifted in favor of buyers yet.