Bitcoin Maintains Bullish Structure

⬛Despite recent weakness, Bitcoin remains within its long-term uptrend channel. According to CoinDesk, the 200-week simple moving average at $54,750 sits well below the 2021 peak — a historically bullish signal indicating the broader cycle remains intact. Analysts interpret the latest sell-off as driven by short-term speculative flows, rather than long-term holders exiting the market.

⬛Technical indicators such as MACD show waning bearish pressure and early signs of recovery. If Bitcoin holds above $108,000, analysts expect a potential retest of the $115,000–$118,000 resistance zone, paving the way for renewed bullish momentum into year-end.