Bitcoin technical signals complicate recovery: experts disagree on forecasts

Contradictory assessments of the market situation have divided analysts regarding the state of the Bitcoin bull market. While one camp of experts confidently states that the upward trend has ended, others consider this premature conclusion given the current volatility.

Technical indicators signal a trend reversal

The downward dynamics of the 200-day trend line has become a key argument for those who believe the bull market is over. According to leading crypto analysts cited by the industry, the situation is characterized by a sustained trend change, confirmed by several factors: a decline compared to previous periods, trading volume spikes, periods where quotes stay below the long-term trend line, and a deterioration in market breadth.

A critical moment was the so-called “death cross” in mid-November — an event when the 200-day moving average fell below the 50-day moving average. This signal is traditionally considered one of the strongest bearish signs on asset charts, including Bitcoin.

Experts’ forecasts differ in details

Markus Thielen from 10x Research leaves no doubt in his assessment: Bitcoin is currently in a bear market, although we are now talking about a “correction” within this trend. However, Henrik Andersson from Apollo Capital points to a more nuanced picture.

In his view, the buying pressure on digital assets, which dominated in the first half of the year, has indeed been exhausted. However, this does not mean that a classic bear market has automatically started. “The further direction will depend on the behavior of risky assets in the broader context. Selectivity in choosing positions will become more important than before,” Andersson concludes.

Short-term opportunities for bullish positions

On the four-hour timeframe, the situation looks more optimistic for growth supporters. Analysts note an upward impulse that could translate into a more significant recovery if demand intensifies.

The key zone of $90,000–$92,000 is considered a critical resistance area that the market needed to defend to maintain a structural upward position. A drop below $88,000 would be seen as a sign of weakening, while the current Bitcoin price, according to recent data, hovers around $91,200, remaining within this strategic corridor.

At the time of writing, BTC is trading near $90,400 with a minimal daily decline of 0.34%, maintaining its position within the key resistance level and leaving room for a bullish scenario to unfold.