Bitcoin is back in the spotlight as institutional moves and market signals hint at what could come next. A major bank’s recent action, combined with expert insights, has raised questions about whether the world’s largest cryptocurrency is preparing for another rise or facing increased pressure ahead.
At the time of writing, BTC is trading at $110,897, with a 24-hour trading volume of $46.42 billion and a market capitalization of $2.21 trillion. Despite a modest -1.81% dip, investor sentiment remains firm, largely fueled by institutional activity.
Crypto analyst Vivek Sen highlighted that the biggest developments come from Wells Fargo, a leading U.S. banking giant, which reportedly purchased $130 million in a BTC ETF. Sen stressed that such large-scale institutional involvement reinforces Bitcoin’s position as a long-term financial asset.
From a technical perspective, well-known on-chain analyst Ali Martinez explained how Bitcoin normally behaves in bear markets. Based on his observations, downtrends tend to start whenever BTC falls below the Short-Term Holder (STH) realized price and tend to reverse upward once the price falls below the Long-Term Holder (LTH) realized price.
Currently, the STH realized price stands at about $109,400, and the LTH realized price is well down at $36,700. As BTC is still trading just above the short-term threshold, analysts are watching closely how the market will perform and whether it will face more pressure.
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The RSI stands at 44.94, just above the signal line at 42.31. The momentum is weak, and BTC is stuck in a neutral area. Analysts may expect the RSI to cross 50 for stronger bullish momentum.
The MACD line is at -1,415.22 against the signal at -1,485.03, showing a minor positive gap. The selling pressure is fading, but it is still unclear whether a decisive reversal will occur. Bulls need more volume to drive momentum upward.
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