MakroVision, a firm specializing in cryptocurrency market analysis, has recently reviewed Bitcoin’s price behavior and highlighted ongoing bearish momentum.
Their report emphasized that Bitcoin’s latest recovery efforts were unable to surpass key resistance points, encountering fresh selling pressure. This scenario reinforces the prevailing downward trend in the market.
MakroVision pointed out that Bitcoin is exhibiting a clear downtrend characterized by progressively lower highs. Each attempt at an upward rally has been met with strong sell-offs, signaling persistent weakness in market sentiment.
The firm described the price action since the November 21st trough as primarily corrective, lacking sufficient strength to drive a sustained upward movement. They noted significant internal counter-movements and weak momentum as obstacles preventing bullish advances.
In their view, the short-term critical zone lies between $91,700 and $92,000. Failure to break above this range could lead to trading within areas of reduced liquidity. For a more optimistic medium-term perspective, surpassing the $102,000–$105,000 level is essential. Until these thresholds are cleared decisively, maintaining caution remains advisable.
*This content does not constitute financial advice.