Confusion is growing among Bitcoin investors as the cryptocurrency fails to show any signs of an upcoming bullish momentum. Analysts have observed that the BTC market is more likely to experience a sideways market condition before any upward movement can be expected.
Strong spot selling pressure continues to impact Bitcoin's price, leaving investors uncertain about future trends. This ongoing situation makes it crucial for market participants to keep a close eye on market developments.
The current analysis suggests that Bitcoin's price may remain relatively stable or move sideways, at least in the short term. The market dynamics indicate that the anticipated bullish phase may take longer to materialize.
