$BTC price momentum has recently experienced a "reset", slipping back into full negative territory after a brief positive spark, as shown in the momentum chart where the line has dipped significantly below the zero mark in December.
Historically, this phase of negative momentum often precedes the formation of market bottoms. The key level identified for a potential reversal and return to bullish momentum is reclaiming the yearly open price, marked on the chart at $93.5K, which serves as the crucial trigger for a shift in market sentiment.
BTC
92,169.54
+1.69%
