Bitcoin Defies Gravity: Strong Rebound From Critical Support—But Can Bulls Sustain the Rally?
Bitcoin just pulled off a textbook bounce from a key support level—but traders aren''t popping champagne yet.
Here''s why the rally might be on shaky ground.
The Rebound Playbook
BTC''s price action mirrored classic technical analysis patterns, with buyers stepping in precisely where they needed to. Yet volume tells a different story—thin trading suggests this could be a dead cat bounce rather than a trend reversal.
Momentum Mismatch
While the price recovery looks impressive on charts, oscillators reveal weakening bullish momentum. RSI struggles to break past midline resistance, and MACD lines flirt with a bearish crossover. Even Wall Street''s ''buy the dip'' algorithms seem hesitant this time.
The Institutional Wildcard
Spot ETF flows—the market''s recent lifeline—show declining interest. Meanwhile, futures open interest suggests leveraged traders are playing both sides. Typical hedge fund behavior—they''ll take profits faster than a crypto influencer shills a shitcoin.
Bitcoin lives to fight another day, but this isn''t the V-shaped recovery bulls hoped for. The real test comes next: either confirmation of strength above $70K or another trip to the support zone. Place your bets—just don''t mortgage your house this time.
