Bitcoin’s price momentum indicator is showing signs of recovery, as reported by Swissblock. The indicator is emerging from its most negative phase, suggesting improving market sentiment.
According to NS3.AI, if the indicator maintains a sustained reading in the +0.50 range, it would signal a full bull market for Bitcoin.
Swissblock notes that in previous cycles, positive momentum phases have lasted several months. This implies that if the current level holds, the market could experience more than just a short-term relief rally.
BTC
70,384.28
-0.80%