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Bitcoin Range-Bound Under Pressure as Analysts Eye $55,000

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Bitcoin is “range-bound below strain,” having damaged beneath the “True Market Mean,” slipping right into a “defensive vary towards the Realized Price,” of round $55,000, reported Glassnode on Wednesday. The on-chain analytics supplier remained bearish, noting that demand throughout spot and spinoff markets was weak.

“Spot flows and ETF demand stay weak, accumulation is fragile, and choices positioning reveals panic hedging fading, however not renewed bullish conviction.”

Glassnode famous that traditionally, deeper bear market phases have discovered their decrease structural boundary across the Realized Price. This is a measure of the common acquisition value of all circulating cash, which now stands close to $54,900.

This degree is nearly 18% decrease than present costs and would put the autumn from peak to 56.4%, which is way shallower than the final two bear markets.

Market in Controlled Consolidation

The analysts additionally famous that the Accumulation Trend Score sits close to 0.43, properly wanting the 1.0 degree that will sign severe large-entity shopping for.

Spot Cumulative Volume Delta (CVD), which tracks the distinction between market purchase orders and market promote orders over time, has turned firmly damaging throughout main exchanges such as Binance and Coinbase, that means sellers are in management.

Glassnode concluded that the market is “transitioning from reactive liquidation to managed consolidation.”

“For a sturdy restoration to emerge, renewed spot demand, sustained accumulation, and bettering liquidity situations will likely be required.”

Bitcoin community exercise has additionally collapsed, in response to Santiment, which reported on Wednesday that there have been massive declines in new and distinctive addresses as Bitcoin’s utility declined in 2025.

“A justification for crypto starting to see a real long-term aid rally will likely be when metrics like lively addresses and community development start to rise.”

“BTC remains to be strengthening its bear development,” noticed analyst Willy Woo, who stated that volatility is a key metric to detect traits. Bitcoin entered its bear market when volatility spiked upwards rapidly, he stated, earlier than including:

“Volatility then continues to climb, that means the bear development is strengthening. Then volatility finds a peak within the mid to late section bear market… that’s when the bear development begins to weaken.”

BTC Price Outlook

Bitcoin continues to weaken, dropping beneath $66,000 briefly in late buying and selling on Wednesday. It got here simply shy of $67,000 through the Thursday morning Asian buying and selling session, however had not reclaimed it on the time of writing.

The asset has been buying and selling sideways for the previous two weeks, and the trail of least resistance seems to be downwards.

The put up Bitcoin Range-Bound Under Pressure as Analysts Eye $55,000 appeared first on CryptoPotato.

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