No Short-Term Barriers for Bitcoin

Bitcoin is showing signs of recovery as selling pressure from investors gradually cools down, but the market still needs more time to establish a sustainable uptrend.

No Short Term Barriers For Bitcoin

Bitcoin is slowly recovering as selling pressure from active investors gradually subsides. With no significant macro hurdles in sight, BTC is expected to continue its steady growth momentum this week.

Over the past month, Bitcoin’s cumulative 24-hour trading volume has recorded many notable fluctuations. This indicator is a clear measure of market excitement. For most of February, the market was in the red as net trading volume fell to a low of -1 billion USD, indicating that selling pressure was dominant.

Bitcoin Cumulative 24 Hour Trading Volume
Bitcoin Cumulative 24 Hour Trading Volume

However, in recent days, there has been a clear reversal as the indicator has returned to positive territory, signaling that buying pressure is gradually taking over the market after a long period of selling pressure. History shows that whenever this indicator changes from negative to positive, BTC price usually responds with a slight increase.

The latest recovery is no exception to this trend, with BTC price bouncing from below $80,000 to above $87,000, in line with the overall market recovery.

However, the positive signals in the 24-hour time frame are not enough to completely erase the caution from a long-term perspective. The Net Taker Volume indicator based on the 30-day moving average continues to show a dominance of net sellers, as shown by consecutive red bars on the chart — evidence that selling pressure is still present.

Btc Net Taker Volume
Btc Net Taker Volume

Although there have been a few short-term bursts with positive net trading volume in recent months, BTC’s growth momentum has not been truly stable. This suggests that the market needs more time to consolidate before entering a more sustainable uptrend.

This suggests that, although Bitcoin is showing positive recovery signals, the market still needs more time and momentum to establish a sustainable uptrend.

The recent recovery reflects a temporary cooling of selling pressure, but the lingering effects of previous sharp sell-offs are still weighing on market sentiment. A steady and sustained move into positive territory on the long-term chart would be crucial in cementing BTC’s bullish trend. If this scenario plays out, Bitcoin’s upside potential would improve significantly.

On the price front, Bitcoin has broken above its 50-day moving average (MA) at $85,017 and is currently trading around $87,134. The 12-hour chart shows continued improvement in market momentum, with the Relative Strength Index (RSI) rising to 58.35 — approaching bullish territory but not yet reaching overbought levels. This is a signal that the market is regaining balance, but needs more momentum to move into a stronger growth phase.

(1 vote)

2.0/5

(1 vote)

Latest

Ethereum’s Key Changes After The Fusaka Upgrade

News | Altcoin | Editor Choice

Ethereum’s Key Changes After the Fusaka Upgrade

The Fusaka upgrade marks a pivotal step in Ethereum’s journey toward large-scale scalability, promising faster transaction speeds, enhanced security, and laying the foundation for the next explosive phase of the world’s leading blockchain.

How To Join The Metamask Airdrop 

Airdrops | Editor Choice

How to Join the MetaMask Airdrop 

Join the Metamask airdrop hunt, the most popular blockchain wallet in crypto is having a 90-day point earning program.

Binance Delists 3 Altcoins, Prices Instantly Swing

News | Altcoin | Editor Choice

Binance Delists 3 Altcoins, Prices Instantly Swing

Binance’s unexpected decision to delist three altcoins — FLM, KDA, and PERP — has sent shockwaves through the crypto market, triggering intense volatility. Yet, in a surprising twist, FLM surged, defying all conventional market logic.

The Pattern Is Repeating, Xrp Predicted To Surge To $15

News | Altcoin | Editor Choice

The Pattern Is Repeating: XRP Predicted to Surge to $15

This wave of optimism follows a strong market rebound after the sharp correction on October 10, reigniting hopes that XRP may be entering a new breakout cycle.

Bitcoin Unlikely To Rally Until The Us–china Deal Is Finalized

News | Bitcoin | Editor Choice

Bitcoin Unlikely to Rally Until the US–China Deal Is Finalized

Bitcoin continues to swing sharply around the $116,000 resistance level as markets hold their breath ahead of two major events: the Federal Reserve’s rate decision and the outcome of the US–China trade negotiations.

Screenshot 2025 10 20 091338