Bitcoin remained near half its October 2025 all-time high as restricted capital inflows continued to pressure the asset. Chart analysis from Alphractal’s Joao Wedson indicated Bitcoin could stay subdued until it clears a key resistance structure. The descending channel, mapped from the October 2025 peak, saw Bitcoin test the upper boundary three times over more than ten months without a decisive breakout. The MACD formed a bullish crossover between Thursday and Friday, often preceding stronger momentum. The Accumulation/Distribution Line showed buyers dominating, with buying volume reaching its highest since May 26. On-chain indicators also flagged a higher chance that a bottom is near, as Bitcoin exited the Supply in Profit band’s “bottom discovery” zone. Flat market sentiment offered limited confirmation of a sustained recovery.
Bitcoin continued to struggle as restricted capital inflows kept it near half its October 2025 all-time high. Chart analysis from Alphractal’s Joao Wedson suggested Bitcoin could remain subdued until it cleared a key resistance structure.
Wedson mapped the structure from Bitcoin’s October 2025 peak. The chart tracked a descending path where Bitcoin tested the upper resistance boundary three times across more than ten months.
Bitcoin failed to produce a decisive breakout rally. The formation usually turned bullish after a breakout gained sustained momentum, but Bitcoin had yet to deliver such a move.
Bitcoin tested the resistance boundary again, and the odds of clearing it appeared to improve. The Moving Average Convergence Divergence (MACD) formed a bullish crossover, with its blue line moving above the orange signal line.
The crossover formed between Thursday and Friday. Such signals often preceded stronger momentum and a move into positive territory.
The Accumulation/Distribution Line showed buyers dominating the market. Buying volume recently reached its highest level since May 26.
These signals pointed to a higher probability of Bitcoin clearing resistance and holding a sustained move higher. Several on-chain indicators also flagged a higher chance that Bitcoin’s bottom was near.
Analysis showed that Bitcoin recently exited the Supply in Profit band’s “bottom discovery” zone. Bitcoin historically traded in that zone before major rallies.
The short-term holder realized-profit signal added to the case for a potential Bitcoin surge. No outcome was guaranteed, but confidence in a market rebound appeared to build.
CoinMarketCap’s 24-hour sentiment reading stood at +2.06. That offered little confirmation as sentiment remained broadly flat.
