Bitcoin Navigates Neutral-Bearish Territory as Weak Flows Persist
Bitcoin finds itself at a precarious crossroads, consolidating around the $110,000 price level after enduring days of selling pressure and heightened uncertainty. While bulls are actively defending this crucial support, the market's overall momentum has visibly faded, leading analysts to characterize the current environment as a fragile, neutral-bearish base.
Bitcoin Stuck in Neutral-Bearish Base
According to top analyst Axel Adler, the prevailing market condition is defined by weak flows and a notable absence of conviction for a decisive bullish surge. Both price and derivative flows currently sit below the critical 50 mark, signaling underlying weakness. Short-term rebounds, though possible, are expected to be limited to "mean-reversion" bounces, likely targeting the $113,000 region—a level aligning with Bitcoin's Fair Value and its mid-30-day range. These movements are unlikely to represent sustained rallies unless stronger demand emerges to absorb the ongoing selling pressure.
The Critical $110K Support and What Lies Ahead
Maintaining the $110,000 level is paramount for Bitcoin in the immediate future. A failure to hold this support could expose the cryptocurrency to further tests of lower boundaries, potentially revisiting $108,000 and the psychological $105,000 zone. For a genuine shift in market structure towards a confirmed bullish trend, Adler emphasizes the need for significant improvements in market dynamics: flow indicators must climb above 55, and the Price Index must surpass 50. Until these thresholds are met, the market faces an elevated risk of repeated tests of support zones, with traders closely monitoring whether Bitcoin can stabilize or if a deeper correction looms.
