Bitcoin is getting closer to a key level.
Price is rising, but the long-term trend is still negative.
Historically, this kind of setup resolves with a break in one direction. A confirmed move above the 200-day average would mark a real shift.
Right now, we’re not there yet.
Flows are improving, price is recovering but the trend hasn’t flipped.
Watch the level.

The level matters, but confirmation comes from flows.
A break above the 200-day only holds if ETF inflows keep building.
Follow @ecoinometrics for more charts and insights on Bitcoin and macro.
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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.
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