Bitcoin Defies Gravity: Holds Firm Above 150-Week Average as Momentum Cools

Bitcoin's price action just delivered a masterclass in resilience. While the explosive rallies that dominate headlines have quieted, the digital asset isn't budging from a critical long-term support line—its 150-week moving average.

The Significance of the Line in the Sand

For chart watchers, this isn't just another squiggle. The 150-week average acts as a historical litmus test for Bitcoin's health, separating sustained bull markets from deeper corrections. Holding above it, even during a period of consolidation, signals underlying strength that short-term volatility often masks.

What Cooling Momentum Really Means

Don't mistake cooling for breaking. This phase represents a market catching its breath, shaking out weak hands, and building a new foundation. It's the quiet work between sprints that determines the next marathon's length. Meanwhile, traditional finance pundits are probably still trying to explain why a 'digital tulip' has more staying power than half the stocks in their portfolio.

The path forward looks less like a rocket launch and more like a strategic climb. The key takeaway? Bitcoin isn't just surviving above a major technical benchmark—it's using the calm to prepare for its next move.

Bitcoin Enters Cooling Phase After $100K Rejection

Even as the larger picture continues the same pattern, the shorter-term indicators reflect greater prudence. Bitcoin’s weekly chart indicates that the strong pace is slowing and turning into a flat pattern, as the current price is in the mid to high $80,000 area.

After breaking through $100,000 briefly, BTC fails to sustain its performance in the vicinity above the upper Bollinger Band and does indeed reverse.

Current price action indicates that it’s being repelled by the upper edge of the band and drifting towards the median area of the Bollinger Band range.

Source: Tradingview

This cautious tone can be understood further using the Ichimoku chart. Bitcoin was seen below the Tenkan-sen and Kijun-sen and thus was weak on the short and medium term. Currently, the price is testing the cloud.

This is the point in the cloud when the market typically holds or further declines. With the thick cloud in front of it, the resistance area around the lower $90,000 or $100,000 level remains strong.

Momentum Remains Defensive at Key Zone

The momentum indicators are still suggesting a defensive posture. The weekly RSI is in the high 30s, which reflects a lack of strong bullish momentum at this stage in the cycle. This region can support a short-term rally, but there is not yet a strong bullish divergence.

Source: Tradingview

The MACD is in agreement, reflecting a strongly negative line with increasingly negative histogram bars, which can be seen in extended periods of consolidation on a higher time frame.