BTC: Is it Going Up? Down? Who Knows?!

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So, Bitcoin, yes? That digital… thing. Apparently, it attempted to reach for the stars (specifically, $97,924) a week ago, but gravity-or, you know, market forces-intervened. It did a rather undignified tumble down to $87k. Since then it’s been mostly milling about between $91k and $88k, which is, frankly, a bit indecisive, isn’t it? Like a shopper in front of a very expensive cheese counter.

As of this precise moment-though knowing Bitcoin, that’s likely already inaccurate-it’s trading at $88,870, which is down a measly 1.03% today and a slightly more dramatic 6.6% this week. Truly devastating. Or not. It depends on your perspective, and whether you happen to own any.

Crypto analysts, those beacons of certainty in a sea of volatile numbers, have remained stubbornly optimistic, despite everything. They’re citing what they call “bearish momentum”. Which sounds delightfully confusing. Like optimistic pessimism. Or hopeful despair. You get the idea.

Are Bitcoin bears losing market control? (Asking for a friend)

Now, some clever person (probably wearing a hoodie) noticed that the “Growth Rate Difference” – a metric which sounds suspiciously made-up – is becoming less negative. It’s gone from -0.0013 in November to -0.0009. A monumental leap, obviously. This, we’re told, means sellers are thoroughly knackered and buyers are suddenly feeling… motivated? Apparently, when this “Growth Rate Difference” thingamajig goes up, it means everything gets better. Because reasons.

Furthermore, a rather complicated chart involving “Bulls and Bears” – don’t ask, it’s a long story involving a lot of lines – suggests the bulls are attempting a comeback. Not a decisive one, mind you, more of a tentative shuffle forward. The BvB EMA (whatever that is) has risen to 6.19. Progress! Of a sort.

Previously, when Bitcoin breached $90k, the BvB EMA turned a rather alarming shade of red and plummeted to -6.05. It’s been positive for four days now, which, in Bitcoin terms, is roughly equivalent to a geological age. The bulls are, it seems, staging a minor rebellion.

There’s also evidence of “massive buy orders” at $89k, discovered by someone meticulously scrutinizing something called “Spot Taker CVD data”. Which is, admittedly, a magnificent phrase.

If this buyer enthusiasm endures, it might give Bitcoin another boost. But don’t hold your breath.

Currently, however, it’s all a bit… tempered. Things are cooling down after all the selling. Which is a relief, honestly. A gentle descent is always preferable to a catastrophic plunge.

Battle for BTC’s control (It’s getting messy)

Attempts by the bulls to assert dominance have so far been… underwhelming. Demand remains stubbornly insufficient for a proper rally. The bears, meanwhile, are proving to be rather persistent. Apparently, the “SMI Ergodic Indicator” (another metric conjured from thin air) has made a “bearish crossover” and plunged into the depths of bearishness. When that happens, bad things are usually foreseen. Potentially, a drop to $86,270. That’s… concerning.

However, if the bulls manage to hold their ground, the “Future Grand Trend” (yes, really) suggests a recovery to $93k. So, there’s that. The future is, as always, vaguely defined and open to interpretation.

Final Thoughts (Which are mostly guesses)

  • Bitcoin’s “Growth Rate Difference” indicates a period of cooling. Seller fatigue is setting in. A good time for a nap, perhaps?
  • BTC buyers have erected a sort of digital sandcastle at $89k, hoping for a bounce to $93k. But the tide of bearishness is a powerful force…

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2026-01-25 15:08