Bitcoin Faces Uncertainty Despite 90-Day Tariff Pause, Says Swissblock
In a post on X, Swissblock cautioned that recent gains in BTC dont necessarily signal a clear breakout. Dont let your guard down yet! The 90-day trade war extension eases tensions, but were not out of the woods, the firm warned.
Bitcoin recently reclaimed the $78,000$79,000 range and is now trading above $80,000, but Swissblock insists that the rally lacks the strength and volume necessary for a confirmed trend reversal.
Bitcoin Risk Signal Still Flashing Caution
Swissblocks proprietary Bitcoin Risk Signala composite indicator that tracks price behavior, on-chain metrics, and broader trading conditionsshows that while risks are manageable, they remain elevated.
Market risk must ease for a true bottom, Swissblock explained. Its under control but still high. We are not yet in a low-risk regime.
Bottom Formation Still in Progress
According to Swissblock, Bitcoin remains in a classic bottoming cycle, characterized by a transition from a bottom through a downtrend phase before moving into uncharted bullish territory.
Were in a downtrend phase, which is normal. The bottom is close, but not confirmed, they said, noting that price action still suggests caution.
Key Level to Watch: $80,000
Swissblock believes that for Bitcoin to validate a bullish shift, it must maintain support above $80,000 and consolidate with strong volume.
Bitcoin must hold $80,000 and consolidate to break the downward compression. Strength and volume are key for a bullish shift, the firm emphasized.
As global markets remain on edge and macroeconomic uncertainty lingers, analysts and investors alike are watching closely to see if BTC can turn this rebound into a full-scale reversal.
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