Taking a closer look at BTC’s behavior over the last few weeks, the Impulse metric has been cycling between bullish and bearish signals since January 4th. We are currently sitting in a negative impulse state, further highlighting the lack of a clear, sustained trend. This constant rotation confirms that the market is still searching for direction rather than embarking on a structural move. To sustain a bullish environment, the $89.3k support must be defended. This doesn't strictly mean we can't dip below it, but any breach must be met with a swift reversal to confirm that the level is still being protected. A quick pivot back above this mark is essential to keep the upward short term bias intact.

Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content





