Bitcoin Shows Bullish Signals Despite ‘Fragile Consolidation Phase’

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Bitcoin is moving off a local bottom and coming out of its correction phase, but the path ahead remains volatile. 

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Summarize with AI

Summarize with AI

Crypto market momentum conditions have begun to recover, with RSI [relative strength index] rebounding into the upper-neutral zone, “signalling a renewed build-up in upside momentum,” reported on-chain analytics platform Glassnode on Monday.

More Bitcoin supply is returning to profit, with declining loss-taking, and realized loss-taking pressure has declined sharply, “signalling a slow improvement in holder sentiment,” they added.

BTC Preparing For Move Higher

The analysts also observed that crypto derivatives were showing controlled repositioning with less aggressive leverage, and perpetual futures were showing renewed buying conviction. Meanwhile, US spot ETFs are recording positive inflows with institutional demand returning.

“This move from Bitcoin is looking really promising,” said analyst ‘Sykodelic’.

They noted that the On-Balance Volume (OBV) broke out from its downtrend since the all-time high of $126,000 and local range, driven by spot accumulation. The analyst noted that $94,500 was serving as resistance, but a breakout could quickly lead to $98,000 to $100,000 if support at $94,000 holds.

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BTC Price Outlook

Bitcoin was cooling from its multi-week high of $94,600 on Monday and had fallen back to $93,820 during the Tuesday morning Asian trading session.

Institutions are again leading the charge, with retail traders panicking and selling any minor pump and keeping a larger rally at bay. The asset has gained 7% so far this year, which is less than a week old, so it is a positive start to 2026 after a tumultuous 2025.

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Source: https://cryptopotato.com/bitcoin-shows-bullish-signals-despite-fragile-consolidation-phase-glassnode/