The brief recovery in Bitcoin price since the weekend remains fragile as transaction volume in the markets decreases. In the last rise, prices reacted by 4.8 percent from the $ 74,000 level, but experts state that the risk of decline continues due to both lack of volume and weak buyers.
Market structure and important indicators
Although Bitcoin quickly reached the TBO fast line level after bottoming at $74,000, this movement is not expected to turn into a permanent increase. Analyzes indicate that the rise did not fully break the selling pressure and the support line around $76,140 also appeared weak. The on-balance volume (OBV) indicator also indicates seller weight. It is reported that the RSI will not give a much more positive signal before it goes above the 25 level again.
Bitcoin may continue to face selling pressure following the TBO fast line theme. It would not be surprising if the support area around $76,140 was broken. The OBV indicator still shows that sellers are strong.
It is noteworthy that Bitcoin retested the bottom levels in past bear markets, with similarly low transaction volume and declining media attention. Especially when looking at four-year cycles, it is observed that the market loses strength as the volume decreases.
Decline in trading volume and market interest
While transaction volumes in Bitcoin have decreased significantly in recent weeks, interest in Google searches has also declined. Experts warn that every reaction movement that occurs in this environment may not be permanent. It is stated that buyers have withdrawn and new sales waves may be seen as prices approach support points.
Decreasing volume in Bitcoin, declining social interest and similar technical outlook indicate that there may be continued weakness in the market. Such retreats in both prices and interest have also been seen in previous bear periods.
The current outlook for the market lacks strong buyer support. Therefore, a sustainable recovery without an increase in transaction volume seems difficult. If Bitcoin tests the bottom levels again, there may be serious divergence in the opinions of market participants.
At such moments, some investors predict that prices will drop further, while others may consider these movements as market manipulation.
Experts recommend being careful, especially regarding price levels and risk control, in case of possible breakouts.
Chart in Ethereum and altcoin market
The pressure continues on Ethereum as well. ETH price is at the risk of falling below the bearish pattern followed on the charts, reaching around $1,065. If this point is reached, there will be a decline of nearly 49 percent. A positive image for Ethereum seems possible only if the main resistance levels are overcome.
Mini dictionary: TBO fast line is an indicator used in technical analysis to evaluate the short-term average movement of the price and shows potential trend change points.
The crypto market in general is experiencing a sell-off trend in both Bitcoin and altcoins. In particular, stablecoin dominance reached 11.84 percent. This increase causes investors to move away from risky assets and towards safer havens.
| Presence | Change in the Last 24 Hours | Technical Outlook |
|---|---|---|
| Bitcoin | +4.8% (reaction), but support is weak | Bottom test risk |
| Ethereum | -49% (target risk) | Bear market pressure |
| Stablecoin Domination | 11.84% | risk aversion |
| RENDER | +25% | RSI is weak |
| INJ | +10.46% | Mixed |
| NEAR | +15% | Mixed |
Although some altcoins have seen strong gains, the overall picture remains fragile. While a few tokens such as DEXE and VVV are diverging positively, selling pressure is at the forefront in most of the market.
Tokens such as MU, WIF, and CHZ fell and gave signals of open shorts. While PI is approaching $0.1346, TON is trying to stabilize after a sharp rise.
Overall, with the increasing risk of bottom testing in Bitcoin, market participants are focusing on volumes, RSI value, support levels and stablecoin dominance trend.
