Bitcoin Fails to Break Free from Long-Term Trend Amid Market Uncertainty

Bitcoin has failed to break away from its long-term trend despite stabilizing at a crucial level. In the lead-up to this point, the market was saturated with negativity, and it will likely take several more weeks of stability or positive momentum for the wider public to return.

Crypto analyst Darkfost believes that the current price stabilization is due to sellers running out of steam rather than buyers returning. Aggregate demand in spot and futures markets is insufficient to trigger a reversal.

Meanwhile, on-chain data does not confirm sustained growth. According to Alphractal's analysis, based on four-year cycles, the bear market bottom may already be taking shape and could be confirmed within the next couple of months.