The pulse of Bitcoin is at a critical moment and, although it seems that the price is running out of fuel, the real story is in the exhaustion of those who want to push it into the void. 📉 After that bitter rejection near $98,000 that left us all wanting, our reigning currency has become trapped in a "tug of war" between $88,000 and $91,000. But be careful, this is where things get interesting for us who move this day by day: sellers are throwing in the towel. 🥊
What analysts call "seller fatigue" is nothing more than the signal that people are no longer willing to undervalue their satoshis. The Growth Rate Difference has made a significant jump; we went from deep pessimism in November to a point where, although we are still negative, the pressure to sell has decreased significantly. This tells us that buyers are starting to put on their gloves and aggressively enter the $89,000 zone. 🛒✨
The BvB metric (the one that measures the strength between bulls and bears) has been positive for four days. This means that, while many see fear, the "strong hands" are accumulating massive buy orders. However, we cannot celebrate victory just yet. The SMI indicator still shows us a persistent bearish trend, meaning the market is on a tightrope: either buyers manage to break the barrier and push us back to $93,000, or if sellers regain their breath, we could see Bitcoin visiting $86,000 in search of liquidity. 🎢
We are in that necessary cooling phase after so much massive selling, where the market decides whether to gain momentum for glory or if it needs to step down one more rung to gather strength. The demand at $89k is real, but the question is whether it will be enough to overcome the stubbornness of those who still want to see the price lower. 🧐
If buyers are fiercely defending the $89,000 level while sellers are getting tired, are we facing the last opportunity to jump on the train before bearish exhaustion becomes the fuel that takes us to new highs?$BTC
