#ShareYourThoughtOnBTC Good question — whether Bitcoin (BTC) is “bullish” or “bearish” right now isn’t a black-and-white call. But based on recent data and technical signals, there are strong signs that a bullish phase might be starting — while there remain risks. Here’s a 500-word style assessment.
Over the past few weeks Bitcoin has bounced back from a steep decline and is trading again above ≈ $91,000, after falling from its October high near $126,000 to as low as about $80,000–$84,000. This rebound — rising 12–15% from the November lows — suggests that the worst of the recent sell-off may be over, and a consolidation or new upward move could be underway.
From a technical standpoint, analysts observe that short-term holders appear to have “capitulated” — meaning many recent buyers sold at a loss, which historically often signals a bottoming phase. Meanwhile, market-wide sentiment recently shifted from extreme fear and aggressive selling toward a more neutral or cautiously optimistic tone in the spot-market volume data.
On the macro and institutional side, renewed risk appetite — linked to expectations that the Federal Reserve (Fed) may cut interest rates soon — improved investor mood and helped markets broadly rebound, which has supported Bitcoin’s recovery as well. Additionally, some long-term BTC forecasts still regard its long-term structural trend as bullish, expecting price strength into late 2025 and beyond.
However — and this is crucial — the overall technical-analysis consensus remains mixed. According to a popular BTC-price-prediction scoreboard, roughly 76% of indicators currently show bearish signals – only 24% are bullish. Some analysts therefore warn that the recovery could still stall or Bitcoin might stay in a sideways, consolidating range between about $88,000 and $92,000, unless new buying pressure emerges.
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