Bitcoin Rebound Tactical Not Structural Bear Market: Analysts
Analysts suggest Bitcoin's recent price action signals waning selling pressure but not a confirmed structural bear market reversal.Summary
Analysts from 10x Research observe that Bitcoin's failure to drop further on negative news, reclaiming the 20-day moving average near $68,500, and tightening Bollinger Bands suggest downside pressure is losing momentum, with bullish divergences emerging in indicators like RSI.
However, they caution that this evidence points only to a meaningful tactical shift, not a confirmed structural turn, as the broader allocation framework still classifies Bitcoin as being in a bear market regime.
Other experts noted that selling pressure has become more measured despite macro events, suggesting seller exhaustion or genuine accumulation, though one analyst attributed the recent bounce primarily to a short squeeze triggered by deeply negative funding rates in derivatives markets, noting that structural inflows and macro catalysts for a true reversal are still absent.
(Source：Cointelegraph)