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Cointelegraph by Martin Young

Analysts say Bitcoin downside momentum is easing but bear market regime persists

According to 10x Research on Tuesday, Bitcoin has reclaimed its 20-day moving average near $68,500, with compressed volatility, stronger ETF flows and the disappearance of the Coinbase discount suggesting selling pressure is weakening. Analysts highlighted that support around $62,500 has held multiple times and that bullish divergences in RSI and stochastic indicators point to stabilizing momentum, but they still classify Bitcoin as being in a bear market regime, implying any bullish positions should remain tactical.
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