Rebounds to 93.9% extreme range — Bitcoin's 30-day compression indicator suggests a short-term directional decision may be imminent

Odaily reports that CryptoQuant analyst Axel Adler Jr. posted on X that this is the fourth time such a situation has occurred since this bear market phase began. Over the past 20 days, Bitcoin's price has continued to test its yearly moving average but failed to hold above it effectively, with volatility compression intensifying near key resistance levels, suggesting a short-term directional decision may be imminent.