Selling Pressure Fades But Bear Market Still Intact
According to 10x Research, Bitcoin’s decline is losing momentum, but a full trend reversal hasn’t materialized.
$BTC has held the $62,500 support level across three tests, reclaimed the 20-day MA ($68,500), and is seeing tightening Bollinger Bands, setting up potential range expansion. RSI and Stochastics are turning higher, with early bullish divergence forming.
The takeaway: tactical stabilization is underway.
Structural bull market confirmation? Not yet.
According to 10x Research, Bitcoin’s decline is losing momentum, but a full trend reversal hasn’t materialized.
$BTC has held the $62,500 support level across three tests, reclaimed the 20-day MA ($68,500), and is seeing tightening Bollinger Bands, setting up potential range expansion. RSI and Stochastics are turning higher, with early bullish divergence forming.
The takeaway: tactical stabilization is underway.
Structural bull market confirmation? Not yet.