Bitcoin Faces Downside Pressure Amid Shifting Momentum

A recent analysis by Swissblock suggests that Bitcoin’s current momentum has shifted towards the downside, signaling potential risks for further declines. However, experts believe this is more likely an extended period of consolidation rather than a complete market reversal. A significant indication of a bottom may lie in a shift from negative to positive momentum before another breakout attempt. Before attempting another surge, Bitcoin might first experience a phase of lateral compression.