Bitcoin is trading below key resistance levels as bulls continue to struggle to ignite a recovery rally.

Bitcoin is trading below key resistance levels as bulls continue to struggle to ignite a recovery rally. Since peaking in January, BTC has been trapped in a persistent downtrend, losing over 29% from its all-time high.

Bitcoin (BTC) is trading above crucial demand levels following a sharp recovery from Tuesday’s low of $81,000. The world’s largest cryptocurrency has bounced over 7% since then, providing a glimmer of hope for bulls who have seen little respite in recent weeks.

Bitcoin’s sustained weakness, with a 29% loss from its all-time high and seven straight days of red candles, has sparked growing concerns among investors and analysts. Many are now debating whether the market is still in a bull cycle or if a bear market has begun.

However, despite the bleak sentiment, there is still hope among market watchers who believe Bitcoin is undergoing a healthy correction within a broader bull cycle. They argue that the recent dip could present a long-term buying opportunity, especially if key support levels hold and bullish signals emerge in the coming days.

One such signal may come from the MVRV momentum indicator and the 180-day simple moving average (SMA). According to data from Glassnode, the two metrics are approaching a potential golden cross, an event that has historically been associated with major upward moves in Bitcoin’s price.

If this crossover is confirmed, it could mark a shift in market momentum and signal that BTC is preparing for another leg up in its current cycle.

Bitcoin Inches Higher As Analysts Watch For Bullish Signal

Bitcoin is trading above crucial demand levels following a sharp recovery from Tuesday’s low of $81,000. The world’s largest cryptocurrency has bounced over 7% since then, providing a glimmer of hope for bulls who have seen little respite in recent weeks.

After peaking at nearly $109,000 in January, BTC has lost more than 29% of its value, sparking debates among analysts about whether the market is still in a bull cycle or at the start of a new bearish phase.

However, despite the doubts, key technical indicators may suggest a shift in sentiment. According to crypto analyst Ali Martinez, the MVRV momentum indicator and the 180-day simple moving average (SMA) are approaching a golden cross—a historically bullish signal that often precedes strong upward trends.

This crossover, if confirmed, would mark a potential inflection point and reinforce the idea that the recent correction may be part of a broader bull run rather than a complete trend reversal.

Still, bulls have work to do. They must defend current levels and push above the $88K–$90K zone to confirm a recovery and retest the previous highs. For now, traders are cautiously optimistic, watching on-chain metrics and technical indicators closely for the next big move.

BTC Price Struggles Below Key Averages Amid Uncertainty

Bitcoin is currently trading above crucial demand levels following a sharp recovery from Tuesday’s low of $81,000. The world’s largest cryptocurrency has bounced over 7% since then, providing a glimmer of hope for bulls who have seen little respite in recent weeks.

After peaking at nearly $109,000 in January, BTC has lost more than 29% of its value and sustained seven straight days of red candles, sparking growing concerns among investors and analysts. Many are now debating whether the market is still in a bull cycle or if a bear market has begun.

However, despite the bleak sentiment, there is still hope among market watchers who believe Bitcoin is undergoing a healthy correction within a broader bull cycle. They argue that the recent dip could present a long-term buying opportunity, especially if key support levels hold and bullish signals emerge in the coming days.

One such signal may come from the MVRV momentum indicator and the 180-day simple moving average (SMA). According to data from Glassnode, the two metrics are approaching a potential golden cross, an event that has historically been associated with major upward moves in Bitcoin’s price.

If this crossover is confirmed, it could mark a shift in market momentum and signal that BTC is preparing for another leg up in its current cycle.