$BTC Looks Weak – Momentum Is Fading
Every time Bitcoin moves up by $500–$1,000, many traders immediately turn bullish and expect a much bigger rally. But the price action tells a different story.
The market is showing weak momentum, and buyers are only doing enough to keep the price from falling. So far, there isn't enough buying strength to confirm a sustained uptrend.
Unless bulls take back control with strong volume, the probability of a deeper correction remains high.
My downside target remains $55K.
Always manage your risk and DYOR (Do Your Own Research).
Every time Bitcoin moves up by $500–$1,000, many traders immediately turn bullish and expect a much bigger rally. But the price action tells a different story.
The market is showing weak momentum, and buyers are only doing enough to keep the price from falling. So far, there isn't enough buying strength to confirm a sustained uptrend.
Unless bulls take back control with strong volume, the probability of a deeper correction remains high.
My downside target remains $55K.
Always manage your risk and DYOR (Do Your Own Research).