Bitcoin Market Shows Neutral Bearish Trend, Analyst Reports

According to Foresight News, CryptoQuant analyst Axel Adler Jr has indicated that the current Bitcoin market is experiencing a neutral bearish foundation. Both price and derivatives flow are below 50. Despite the negative or weak receiver flow, any recovery is more likely to be a mean reversion towards $113,000, aligning with the fair value or the 30-day mid-range area, rather than the start of a new trend. The current capital flow does not confirm a risk appetite. The closest bullish scenario would be a technical rebound to between $113,000 and $115,000, with capital flow stabilizing. However, for a shift in the market landscape, a capital flow greater than 55 and a price index above 50 are necessary. Until these conditions are met, there is a risk of repeatedly testing the lower limits.