Bitcoin’s bounce from below $60,000 was sharp enough to shift sentiment in the short term, but the follow-through hasn’t been as convincing. After the recovery, the BTC price
Volume behavior reinforces this cooling momentum. During the sharp drop toward the $60,000 zone, trading activity spiked significantly, but it has since contracted sharply. This drop in participation has compressed volatility, leaving Bitcoin stuck in a tighter range rather than building expansion strength. Momentum indicators also lean cautiously. The RSI, after rebounding from oversold levels, is now flattening and showing signs of bearish divergence, signaling that the recovery lacks strong follow-through. Meanwhile, the CMF remains below the zero line, indicating weak capital inflows and limited accumulation. With the price hovering just above the $59,900 support, Bitcoin is sitting on fragile ground. A decisive breakdown below this level could open the door for a renewed move under $60,000, while reclaiming $70,000 remains necessary to shift the near-term outlook back toward bullish control.
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