Bitcoin's Recovery Faces Challenges Amid Key Indicators

Bitcoin has recently rebounded to the mid-$80,000s and high-$80,000s after experiencing recent lows. According to NS3.AI, analysts warn that for a sustained bull market, deeper indicators need to turn positive. The 200-day exponential moving average (EMA) is highlighted as a crucial long-term support level. Institutional demand through exchange-traded funds (ETFs) is showing cautious behavior around the average cost basis. Furthermore, recent buyer profitability and on-chain metrics indicate minimal panic selling at present. However, the increasing supply at a loss suggests the emergence of potential early bearish trends.