Bitcoin Bull Score Hits Level Seen Only 7 Times In 6 Years – A Rare Historical Signal
Bitcoin has shown renewed bullish momentum in recent sessions, pushing price back toward the $97,000 level after weeks of persistent selling pressure. For much of the recent consolidation, the market struggled under distribution from short-term participants and cautious positioning from traders who remained uncertain about the broader trend. From a trend perspective, Bitcoin is still trading below the declining 50-week moving average, which currently caps upside attempts. This level has acted as dynamic resistance during previous bear-to-neutral transitions. And will be a critical area to reclaim for trend continuation. Below the price, the 100-week moving average continues to slope upward and has provided structural support during the recent pullbacks. Reinforcing the idea that the broader market structure remains intact despite short-term weakness.Related Reading
Volume behavior is also notable. The rebound toward $97,000 occurred without a major expansion in volume, revealing that the move may still lack strong conviction. This supports the view that the current advance could be a recovery leg within a larger consolidation rather than the start of an impulse.
If Bitcoin can consolidate above $95,000 and eventually reclaim the 50-week moving average, the probability of a continuation toward the $105,000–$110,000 region increases. Failure to hold this zone would expose the market to renewed downside tests toward the mid-$80,000s. Keeping the broader consolidation unresolved.
Featured image from ChatGPT, chart from TradingView.com
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