Bitcoin Shows Resilience Despite Price Pressure

Despite downward pressure on Bitcoin’s price, analysis by Swissblock suggests a resilient market trend. Data from Foresight News reveals that while prices saw downward pressure throughout the spring, they have exhibited resilience with limited evidence of a significant sell-off. This momentum was impacted by pullbacks and lower highs observed during June. Although short-term momentum showed an uptick, prices did not reach higher levels, indicating bullish divergence in the market. Confirmation of this trend would occur if Bitcoin price decisively surpasses the $110,000 mark.