Bitcoin Market Update

Accumulation Trend Score
Bitcoin’s accumulation trend score has risen above 0.1 for the first time since March 11, indicating a potential shift towards renewed buying interest. However, continued buying demand is needed for a convincing market reversal.

Accumulation Activity

After a significant accumulation phase in late Q4, market sentiment turned risk-off as Bitcoin experienced a distribution-dominant phase in early 2025. This transition is marked by increased selling and a hesitance to buy, represented by yellow and orange markers on the chart.

In March 2025, though, there is a subtle shift with accumulation scores climbing and moving closer to purple, indicating renewed interest from long-term holders or entities looking to rebuild positions. This could signal early positioning ahead of a potential trend reversal or just a minor deviation in a continuing bearish cycle.

Market Sentiment and Reversal Potential

Bitcoin’s ongoing downtrend has been characterized by extended distribution, with the Accumulation Trend Score (ATS) remaining under 0.5, reflecting dominant selling pressure. The recent rise above 0.1, while modest, indicates the possible re-emergence of accumulation – a pattern often observed during early recovery phases after major corrections.

Historically, these transitions have occurred after bear market bottoms, as accumulation begins to build alongside returning confidence. Current strategic moves by institutional players and hopes for regulatory clarity might be contributing to this shift. Nevertheless, for this trend to sustain, accumulation must be backed by consistent institutional demand and supportive policy signals. Abrupt regulatory setbacks or sharp volatility could derail this burgeoning recovery.

Current Bitcoin Momentum

As of the latest update, Bitcoin is priced at $83,165, down over 1% in the last 24 hours. The hourly chart indicates challenges in regaining upward momentum, with persistent lower highs despite brief recoveries.

The RSI is at 46, signifying weak bullish pressure and a lack of signs indicating the asset is oversold. Additionally, the On-Balance Volume (OBV) is firmly negative at -311.93K, showcasing insufficient sustained buying activity. Overall, these indicators suggest cautious sentiment in the short term. For a believable reversal to take hold, BTC must surpass $84,000, with rising volume and an RSI move beyond the neutral 50 mark.