BTC The rebound has temporarily lost directionality; a trend reversal cannot yet be confirmed
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AT A GLANCE
The analyst said BTC rebound momentum has temporarily returned to zero, but the current indicators remain insufficient to confirm a trend reversal.
Article
⚡️Opinion:BTC This rebound has temporarily lost its directionality, but a trend reversal cannot yet be confirmed.
According to BlockBeats,September 30 CryptoQuant analyst Axel Adler Jr. stated that BTC during September 17 to 27 rose from approximately 76000 USD to 87000 USD, driving the share of supply in profit from 65%to a peak of 73.8%. As of September 29, it had declined to approximately 72%, still below the long-term average of 76%.
Meanwhile, the fast and slow lines of its Bitcoin Impulse Performance indicator had both fallen to September 29 to 30, while 0，BTC price remained at approximately 83000 USD. Adler noted that momentum returning to zero means this rebound has temporarily lost directionality, but does not yet confirm a trend reversal; if the indicator falls further into negative territory while the share of supply in profit declines again, signals of market weakness will strengthen significantly.
Original link https://m.theblockbeats.info/flash/369742
Key points
01
According to BlockBeats, CryptoQuant analyst Axel Adler Jr. stated that BTC during September 17 to 27 rose from approximately 76000 USD to 87000 USD。
02
the share of supply in profit rose from 65%to a peak of 73.8%, and as of September 29 had declined to approximately 72%, below the long-term average of 76%。
03
Bitcoin Impulse Performance the fast and slow lines of the indicator both fell to September 29 to 30 on 0，BTC price remained at approximately 83000 USD。
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Axel Adler Jr. believes that momentum returning to zero means this rebound has temporarily lost directionality, but a trend reversal cannot yet be confirmed.
05
Axel Adler Jr. stated that if the indicator falls further into negative territory and the share of supply in profit declines again, signals of market weakness will strengthen significantly.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This content examines BTC whether there is still momentum for further upside after the rise. The indicator's fast and slow lines fell to 0, which the analyst interpreted as a temporary lack of clear direction in the rise; meanwhile, the share of supply in profit was approximately 72%, below the 76%long-term average cited in the article. However, these developments only support the view of weakening momentum and do not mean that a trend reversal has already occurred.
Why it matters to readers
These indicators can be used to observe BTC whether the rebound continues to weaken. In the analyst's view, if the momentum indicator falls into negative territory alongside a decline in the share of supply in profit, signals of weakness will strengthen.
Beginners should distinguish between “a rebound losing directionality” and “a trend having already reversed”: the former is the analyst's current assessment based on the indicators, while the latter is explicitly stated in the original article as not yet confirmed. A single indicator and an analyst's opinion should not be regarded as definitive buy or sell signals.
Risks and unknowns
The content is an analyst's opinion, not a confirmed trend-reversal event.
The original article does not explain Bitcoin Impulse Performance the indicator's calculation method or historical effectiveness.
The article provides a conditional assessment of weakness, but does not state whether these conditions will occur.
Related Developments
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The information was relayed by BlockBeats; the full original statement by the CryptoQuant analyst is not provided in the supplied evidence.
The date in the evidence does not specify the year.
Related concepts
Bitcoin Impulse Performance
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