365 DAY Moving Average

Bitcoin’s market momentum is flashing a mixed signal: a widely watched bull gauge has climbed to 90 out of 100, yet the buying pressure behind the move is fading. Spot demand has contracted by roughly 170,000 BTC over the past 30 days, while futures demand growth has dropped sharply in a sign that near-term upside may be harder to sustain.

Bitcoin’s move back above its 365-day moving average has revived bullish long-term comparisons after an extended stretch below the trendline. Technical traders remain focused on whether BTC can stay above its 200-day average after a slide toward $82,900.