Cryptocurrency market shows first signs of recovery after a long decline

Analyst Ran Neuner believes that the crypto market is entering a phase of transition, but urges traders to remain cautious. Despite the positive signals, he emphasizes that the current dynamics are more of a test phase than a confirmed recovery.

According to him, the main thing is not daily fluctuations but the market’s behavior after stressful periods. Bitcoin has managed to break out of the short-term downward structure and is holding the levels that were previously resistance. This indicates the accumulation of positions rather than panic buying.

It is also important that the recovery this time is not limited to bitcoin BTC $90,728.83 Mezo Wrapped BTC -0.32% Market capitalization $52.55 million VOL. 24 hours $1.06 billion . At the same time, several major assets have regained key technical levels, indicating broader capital inflows. This behavior usually signals a gradual recovery in confidence, although it does not guarantee a price increase.

Neuner also draws attention to the sources of demand: the price difference between US and offshore exchanges has reappeared, which may indicate a return of interest from US investors. Historically, their activity has often been the beginning of long rallies. At the same time, capital has begun to flow into altcoins, which reduces Bitcoin’s dominance and indicates an increase in risk appetite.

Despite the improvements, the market is approaching a decisive moment: bitcoin is testing a long-term resistance zone, which in past cycles has separated true uptrends from temporary rebounds. If the breakout fails, a further decline is possible. Therefore, Neuner advises caution: the market looks stronger, but it has yet to prove its ability to grow sustainably.