Key Insights:
- As per the latest Bitcoin price predictions, analysts are weighing on the possibility of a rebound, claiming BTC selling pressure has dropped.
- The cryptocurrency’s price action returned near the 20-day moving average as the Bollinger Bands indicators hinted at a larger move ahead.
- However, there is still no clear indication that a bull reversal is on the cards with the overall long-term trend looking bearish due to weakening macro catalysts.
According to the expert Bitcoin price prediction, BTC began looking less fragile as it approached the $70,000 mark. The drop towards the $59,000 level that left many traders on edge has slowed down, and analysts at 10x Research believe the worst phase of selling could now be over.
10x Research said Bitcoin did not accelerate to the downside, even amid risk-off headlines. In their view, that matters. When bad news keeps landing, but the price refuses to break hard, it often suggests sellers are running out of energy.
Bitcoin Price Prediction: Several Indicators Point To A Bigger Move Ahead for BTC
As per a Bitcoin price prediction by 10x Research, BTC price is slowly climbing back toward its 20-day average, which is around $68,500.
At the same time, the Bollinger Bands are tightening, suggesting the market is building enough pressure for a larger move. While this is not necessarily an indication of an incoming rally, it does suggest that selling pressure has eased and the calm could last for weeks.
Price action has also been relatively steady around a key floor. 10x Research said the $62,500 area has held through three tests, which strengthens the case that buyers are willing to defend that level.
On Coinbase, Bitcoin briefly pushed back above $70,000 late Monday before pulling back again. At the time of the update, it traded around the high-$68,000 zone, according to TradingView.
MacroFear is Easing, But the Market Still Needs Fuel
Even with those improvements, 10x Research framed the move as a tactical move. The group said things are starting to steady, but the market still hasn’t clearly turned the corner. In practical terms, Bitcoin price prediction suggests it could be lining up for a bounce or a stretch of sideways trading. But for now, there’s not enough evidence to say the bigger trend has flipped for good.
They also highlighted a few market signals that typically do not appear when a selloff is about to intensify. Volatility has compressed, spot Bitcoin ETF flows have strengthened, and the Coinbase discount has faded. In their view, that mix looks more like a market catching its breath than one preparing for a fresh leg lower.
Even so, 10x Research said its broader framework still places Bitcoin in a bear market. That means, in their view, any bullish positioning should remain flexible and short-term until stronger confirmation arrives.
Justin d’Anethan, head of research at Arctic Digital, shared a similar tone. He argued that the market’s ability to hold up despite tariff noise, war fears, and shifting rate-cut expectations suggests something important is happening under the surface. Either sellers have largely finished dumping, or real buyers are steadily averaging in at these levels.
Bitcoin Price Prediction Signals Derivatives and Perps as Key Market Drivers
Not everyone thinks spot demand deserves the credit. Andri Fauzan Adziima, a research lead at Bitrue, said Bitcoin’s fading downside momentum has been mainly driven by negative funding rates in the derivatives market. That setup can crowd traders into short positions, which increases the odds of a squeeze.
He said Bitcoin’s quick bounce from around $63,000 had all the signs of a short squeeze. As the price climbed, traders betting against Bitcoin were forced out of their positions. That wave of liquidations helped push the move higher and, for a while, took some of the selling pressure off the market.
In simple terms, negative funding means short sellers pay long traders to keep positions open. Bearish bets appear overcrowded, and current Bitcoin price prediction models do not indicate an upside breakout.
Adziima added that a true trend reversal still has not arrived. He pointed to missing structural inflows, a lack of fresh macro catalysts, and the fact that the broader downtrend from the all-time high remains intact. He also warned that liquidity remains fragile, with overhead resistance levels waiting.