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Bitcoin Shows Bullish Signals Despite ‘Fragile Consolidation Phase’ – Glassnode

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Crypto market momentum circumstances have begun to recuperate, with RSI [relative strength index] rebounding into the upper-neutral zone, “signalling a renewed build-up in upside momentum,” reported on-chain analytics platform Glassnode on Monday.

More Bitcoin provide is returning to revenue, with declining loss-taking, and realized loss-taking stress has declined sharply, “signalling a gradual enchancment in holder sentiment,” they added.

“Spot market behaviour reveals a significant discount in sell-side aggression, whereas spot volumes have expanded modestly, pointing to enhancing liquidity with out indicators of speculative extra.”

BTC Preparing For Move Higher

The analysts additionally noticed that crypto derivatives have been displaying managed repositioning with much less aggressive leverage, and perpetual futures have been displaying renewed shopping for conviction. Meanwhile, US spot ETFs are recording constructive inflows with institutional demand returning.

“In sum, Bitcoin is transitioning out of its corrective part and right into a fragile consolidation regime,” it said earlier than including:

“While participation and institutional flows are enhancing, structural on-chain demand stays subdued, leaving the market delicate to volatility and profit-taking threat because it makes an attempt to rebuild greater floor.”

“Bitcoin’s new yr rebound, fueled by renewed institutional inflows and robust choices positioning for strikes above $100K, indicators important upside potential within the coming weeks,” mentioned Nick Ruck, director of LVRG Research.

“BTC seems to be getting ready for a transfer greater quickly, with technical indicators pointing to a breakout from current consolidation.”

“This transfer from Bitcoin is trying actually promising,” mentioned analyst ‘Sykodelic’.

They famous that the On-Balance Volume (OBV) broke out from its downtrend for the reason that all-time high of $126,000 and native vary, pushed by spot accumulation. The analyst famous that $94,500 was serving as resistance, however a breakout might shortly lead to $98,000 to $100,000 if help at $94,000 holds.

BTC Price Outlook

Bitcoin was cooling from its multi-week high of $94,600 on Monday and had fallen again to $93,820 throughout the Tuesday morning Asian buying and selling session.

Institutions are once more leading the cost, with retail merchants panicking and promoting any minor pump and maintaining a bigger rally at bay. The asset has gained 7% thus far this yr, which is lower than every week outdated, so it’s a constructive start to 2026 after a tumultuous 2025.

The publish Bitcoin Shows Bullish Signals Despite ‘Fragile Consolidation Phase’ – Glassnode appeared first on CryptoPotato.

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