Bitcoin has spent the last week grinding higher from around $78,000 to top $82,000 twice, with buyers \u201ccontinuing to absorb pullbacks even as momentum started to cool near local highs,\u201d reported Glassnode on Monday.<\/p>\n
The asset dipped below $81,000 briefly in early trading in Asia on Tuesday, but there has been \u201cstrong bullish sentiment\u201d and \u201cheightened conviction\u201d in upward price movements, it added<\/a>.<\/p>\n The analytics provider noted that spot trading volume has increased, suggesting recent price movements are \u201cgaining traction with stronger investor participation.\u201d<\/p>\n This means that BTC\u2019s market structure continues to improve, supported by stronger on-chain activity, healthier profitability, and more stable holder positioning, the analysts concluded.<\/p>\n \u201cWhile bullish undertones are building, softer capital inflows and cautious sentiment indicate the market remains sensitive to shifts in risk appetite.\u201d<\/p>\n Swissblock reported on Tuesday that Bitcoin is \u201cstill at full momentum\u201d with the latest reset looking similar to previous failed ignition attempts.<\/p>\n \u201cBitcoin has now consolidated inside the cost-basis battlefield while momentum remains structurally strong. As long as momentum stays above the transition area, bulls retain control.\u201d<\/p>\n Bitcoin is still at full momentum.<\/p>\n The latest reset looked similar to previous failed ignition attempts:<\/p>\n \u2192 Momentum briefly recovered But this time was different.<\/p>\n Momentum successfully\u2026 pic.twitter.com\/EBZdNLW0rD<\/a><\/p>\n \u2014 Swissblock (@swissblock__) May 11, 2026<\/a><\/p>\n\n Alphractal founder and CEO Joao Wedson observed<\/a> that the 30-day change in exchange reserves paints a different picture, with BTC falling every time this metric turns positive. Bitcoin entering exchanges is usually a sign of investors preparing to sell or short the asset.<\/p>\n Meanwhile, permabull \u2018Sykodelic\u2019 remained upbeat as ever, saying<\/a> that there have been no hard rejections, no massive sell-offs, and no weak price action. \u201cWhat we have had are small rejections and then higher highs.\u201d<\/p>\n They observed that BTC is now above the bull market support band, the true market mean, and the short-term holder cost basis for ten days, including a daily close above the 200-day exponential moving average.<\/p>\n \u201cThe wider market is fully risk on, and I am expecting $85,000 to be breached, likely this week,\u201d they predicted.<\/p>\n The asset had taken a dip on the day, falling from another retest of $82,000 to $81,100 at the time of writing.<\/p>\n The asset has been sideways for the past seven days, but has gained more than 13% over the past month. It has been in a slow but steady upward trend for the past six weeks.<\/p>\n The post Bitcoin Market Structure Continues to Improve as Bullish Undertones Build: Glassnode<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin has spent the last week grinding higher from around $78,000 to top $82,000 twice, with buyers \u201ccontinuing to absorb pullbacks even as momentum started to cool near local highs,\u201d reported Glassnode on Monday. The asset dipped below $81,000 briefly in early trading in Asia on Tuesday, but there has been \u201cstrong bullish sentiment\u201d and […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-164169","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/164169"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=164169"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/164169\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=164169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=164169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=164169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bullish Undertones Are Building<\/h2>\n
\n\u2192 Failed to sustain above the transition zone
\n\u2192 Rolled back into negative momentum<\/p>\nBTC Price Outlook<\/h2>\n