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Prominent crypto analytics firm SWISSBLOCK has cautioned that Bitcoin (BTC) may not have yet reached its market bottom, despite a recent upward momentum. This warning comes even as the United States enacts a 90-day tariff pause, which has temporarily eased trade tensions.
In a recent statement on social media platform X, SWISSBLOCK emphasized that Bitcoin’s recent price surge does not necessarily indicate a convincing breakout.
“Don’t let your guard down yet! The 90-day trade war extension eases tensions, but we’re not out of the woods. Bitcoin breaks $78,000-$79,000, now holding above $80,000. Are we in the clear?”
The firm also highlighted that its Bitcoin Risk Signal—a comprehensive metric leveraging price data, on-chain data, and other trading indicators—does not yet suggest that a market bottom has been established.
“Market risk must ease for a true bottom. It’s under control but still elevated, not in a low-risk regime yet. We need to see a clear decline in risk.”
According to SWISSBLOCK, Bitcoin remains in a downtrend, which is a typical phase in bottoming cycles. The firm noted that while the bottom may be close, it has not yet been confirmed.
“For the bottom to progress, market trend must signal formation. We’re in a downtrend phase, normal in bottoming cycles: bottom-downtrend-uncharted. The bottom is close, but not confirmed.”
The firm stressed that for Bitcoin to confirm a bullish reversal, it must hold the $80,000 level as support.
“Bitcoin must hold $80,000 and consolidate to break the downward compression. Strength and volume are key for a bullish shift.”
At the time of writing, Bitcoin is trading at $83,221, reflecting a 4.7% increase over the last 24 hours.
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