U.S. Investors Continue Bitcoin Distribution Amid Weak Demand
- Market Dynamics: Recent Coinbase data indicates that U.S. investors are distributing Bitcoin, reflecting actions from ETFs, institutional desks, and large corporations, resulting in weak demand and preventing prices from sustaining above the $94,000 short-term peak.
- Demand Gap: Despite stable conditions in the derivatives market, the lack of consistent U.S. spot buying is hindering Bitcoin's ability to build upward momentum, leading to a sideways price structure that reflects market uncertainty about future trends.
- Liquidity Signals: Global liquidity has remained flat over the past two weeks, and while Bitcoin's price has been choppy, expectations for improved liquidity conditions in 2026 are rising, which could influence the performance of risk assets.
- Market Comparison: Bitcoin is currently caught between two opposing forces: weak U.S. spot demand is capping short-term upside potential, while improving macro liquidity expectations are somewhat limiting downside risks.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36099.581 | 48049.791 | 60369.601 | 72319.811 | 84639.621 | 96589.831 | 108909.641 |
| Fibonacci | 48049.791 | 57320.938 | 63048.663 | 72319.811 | 81590.958 | 87318.683 | 96589.831 |
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