BTC momentum indicator signals exit from worst phase: Swissblock

Bitcoin's price momentum is emerging from its most negative phase, according to crypto data analytics firm Swissblock. The firm explained that the key will be whether the indicator can settle in the +0.50 range, as a break and hold above this level would signal a transition into a full-fledged bull market. Swissblock noted that past cycles suggest such phases, once established, can last for several months. If this level is maintained, it could signify more than just a relief rally, the firm added.