Bitcoin nears key juncture for momentum recovery, analyst says

Bitcoin is approaching a critical inflection point, according to Glassnode analyst Chris Beamish. In a post on X, he noted that the recent BTC rebound is increasing the likelihood that short-term holders (STHs) will return to profitability. Beamish explained that this is typically a prerequisite for a resumption of upward momentum. However, he cautioned that if the recovery fails, the rally could prove to be merely a temporary technical rebound.