🔔Bitcoin Faces Negative Pressures Amidst Diminishing Momentum
Swissblock's analyses, according to Foresight reports, indicate that Bitcoin's momentum has entered negative territory, reflecting the likelihood of downside risks. However, as long as there is no structural collapse in the overall trend, it is likely that the currency will experience an extended consolidation period rather than a full reversal. The shift from negative to positive momentum is a pivotal signal for forming a new bottom. Before any upcoming bullish breakout attempts, Bitcoin may undergo a phase of sideways movement and lateral pressure.