Bitcoin crisscrosses $100K as BTC price ‘bottoming phase’ begins
1 min read
Key points:
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Bitcoin liquidity games continue as pressure mounts on $100,000 support.
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Signs of price forming a higher low combine with RSI strength slowly increasing.
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A Bitcoin “bottoming phase” is now in progress, says new research.
Bitcoin (
Several charts supported its thesis, including cumulative volume delta (CVD) on Bitcoin futures.
“Speculative selling pressure is fading,” contributor Sunny Mom wrote in one of its “Quicktake” blog posts on the day.
While spot CVD was still “slightly bearish,” a lack of mass forced selling among traders pointed the way to market relief, Mom said.
“In short: this still looks like a bottoming phase. A bit of good news may be all it takes to spark the next rally,” the post added.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
