Bitcoin has entered a critical phase that many analysts describe as a potential turning point, following a period of intense market volatility. While the digital asset has shown signs of stabilization above key support levels, market experts warn that it is too early to declare a definitive bottom. Technical indicators, such as the Relative Strength Index (RSI), suggest that the asset is emerging from oversold conditions, yet macroeconomic headwinds persist. High inflation and the Federal Reserve’s stance on interest rates continue to create an environment of uncertainty for risk-on assets. On-chain data indicates that long-term holders are beginning to accumulate once more, a signal often associated with the late stages of a bear market. However, analysts from leading financial institutions emphasize that further consolidation is needed to build a sustainable base. Until a clear breakout occurs with significant trading volume, the market remains in a state of cautious optimism, with the potential for further tests of recent lows.
Source: Bitcoin Signals Turning Point—But No Clear Bottom Yet, Experts Say
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