Bitcoin Struggles to Reclaim $90,000 Amid Bearish Momentum
- Bitcoin is trading near $89,000 after failing to hold above the $90,000 level.
- The Trend Pulse indicator has been in Bear Mode for over three months, with no Bull phase since November.
- Current quarterly returns for Bitcoin are at -19%, indicating macro weakness.
- Bitcoin’s short-term momentum and key moving averages remain negative, reinforcing bearish sentiment.
Despite attempts to regain the $90,000 mark, Bitcoin remains under pressure due to ongoing bearish signals and weak market momentum. The absence of a Bull phase for over three months highlights structural weaknesses in the current market environment.
With Bitcoin’s quarterly return at -19% and recent price action failing to break key resistance levels, the market faces uncertainty about whether this is a temporary pullback or a deeper correction phase. Source
