Bitcoin's Momentum Shows Resilience Amid Downward Pressure

According to Foresight News, Swissblock analysis indicates that despite Bitcoin facing downward pressure, there is no clear sign of a significant sell-off in its price momentum. Throughout the spring, Bitcoin experienced persistent negative momentum, aligning with pullbacks and lower highs. In June, momentum gradually decreased, followed by a pullback, stabilization, and a reversal to positive momentum. The short-term trend saw a burst in momentum, although the price failed to reach higher points, suggesting a bullish divergence. This divergence would be confirmed if Bitcoin's price decisively breaks through the $110,000 mark.