U.Today – With its recent performance demonstrating strength above $100,000, has been rising steadily. A more interesting view can be seen on the chart: Bitcoin might still be in a covert downward trend. Despite not forming bullish sentiment, it has achieved a higher high since its peak in late 2024. The daily chart’s descending trendline is the most telling indicator.
Bitcoin has not made a clear move above this barrier, indicating that there is insufficient evidence to support a complete uptrend. In order to maintain its upward trend, Bitcoin needs to surpass its previous peak of approximately $110,000. Its price action remains in a mixed zone until then, and any rejection below this level could strengthen the hidden downtrend. The volume profile of Bitcoin is another factor contributing to the uncertainty. It has not yet attained the levels observed during its previous peaks, despite a recent increase.
This can suggest that…
