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The ascending momentum of Bitcoin seems to slow down after a recovery phase earlier this week. After climbing nearly $ 86,000, BTC retraced it slightly, hovering just above the $ 84,000 mark at the time of the editorial staff.
The mild withdrawal occurs after an increase of 10% observed in the last seven days, which has helped the assets recovering recent corrections triggered by macroeconomic pressures. Although the price movement can suggest a healthy trace or consolidation phase, the feeling of the market tells a more complex story.
According to the cryptocurrency contributor Abramchart, the long -term feeling has not reflected prices overvoltage, indicating prudence among derivative traders. This divergence between price action and market feeling could suggest growing uncertainty or broader change in investors’ behavior.
In his recent article entitled “Weakening of adventures, the signals of the feeling of prudence in the middle of the Bitcoin rally”, Abramchart explained how the feeling indicators did not follow the rhythm of the recent BTC price movements.
From November 2024 at the beginning of 2025, Bitcoin experienced strong gains, but the index of feeling in the long term peaked early and has since decreased regularly. Although prices remain relatively high, the index now tends near the support area around 0.4, suggesting an increase in lowering feeling.
The resistance of the feeling index is historically about 0.8, with support close to 0.2. According to Abramchart, the index that hovers closer to support can reflect continuous profit, increasing macroeconomic uncertainty or hesitation of investors around regulatory developments.
He also noted that the average Bitcoin negotiation beach between $ 70,000 and $ 80,000 suggests a possible accumulation rather than a strong directional conviction. If the feeling continues to linger at current levels, a consolidation or an additional drop can be expected in the absence of solid bull catalysts.
Weaken the signals of the long -term feeling
“The graph shows that if Bitcoin has reached important heights, the long -term feeling has weakened, which can be a potential retraction warning signal or at least a lack of strong upward conviction.” – By @Abramchart pic.twitter.com/zzsmujsq8y
– cryptotics.com (@cryptoquant_com) April 16, 2025
Unlike the prudent feeling observed on the larger future market, activity on Binance derivatives shows signs of renewed optimism.
Another cryptocurrency analyst, Darkfost, has highlighted a change in the purchase / sale of Binance lessee – a metric used to measure on which side, buyers or sellers, dominates the volume of negotiation on the platform derived from the stock market.
According to Darkfost, the 30 -day exponential mobile average of this ratio had remained less than 1 for a large part of 2025, indicating a lasting lower feeling.
However, recent readings show a return to a neutral territory, with an upper activity that resumes. The tendency of the ratio greater than 1 indicates the domination of buyers, and the current data suggest that long traders become more active.
Although this does not guarantee a reversal of the market, this can point out a short -term momentum in favor of bulls, in particular on trading places like Binance which play a key role in the discovery of cryptographic price.
Star image created with Dall-E, tradingView graphic