{"id":43733,"date":"2026-05-12T05:45:06","date_gmt":"2026-05-12T05:45:06","guid":{"rendered":"https:\/\/financialrush.com\/?p=43733"},"modified":"2026-05-12T05:45:06","modified_gmt":"2026-05-12T05:45:06","slug":"bitcoin-market-structure-continues-to-improve-as-bullish-undertones-build-glassnode","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=43733","title":{"rendered":"Bitcoin Market Structure Continues to Improve as Bullish Undertones Build: Glassnode"},"content":{"rendered":"

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\n\t\t\t\t\t\t\t\t\tBitcoin momentum above $80,000 is slowly building as its market structure improves, according to Glassnode analysis.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n

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Bitcoin has spent the last week grinding higher from around $78,000 to top $82,000 twice, with buyers \u201ccontinuing to absorb pullbacks even as momentum started to cool near local highs,\u201d reported Glassnode on Monday.<\/p>\n

The asset dipped below $81,000 briefly in early trading in Asia on Tuesday, but there has been \u201cstrong bullish sentiment\u201d and \u201cheightened conviction\u201d in upward price movements, it added<\/a>.<\/p>\n

The analytics provider noted that spot trading volume has increased, suggesting recent price movements are \u201cgaining traction with stronger investor participation.\u201d<\/p>\n

Bullish Undertones Are Building<\/h2>\n

This means that BTC\u2019s market structure continues to improve, supported by stronger on-chain activity, healthier profitability, and more stable holder positioning, the analysts concluded.<\/p>\n

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\u201cWhile bullish undertones are building, softer capital inflows and cautious sentiment indicate the market remains sensitive to shifts in risk appetite.\u201d<\/p>\n<\/blockquote>\n

Swissblock reported on Tuesday that Bitcoin is \u201cstill at full momentum\u201d with the latest reset looking similar to previous failed ignition attempts.<\/p>\n

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\u201cBitcoin has now consolidated inside the cost-basis battlefield while momentum remains structurally strong. As long as momentum stays above the transition area, bulls retain control.\u201d<\/p>\n<\/blockquote>\n

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Bitcoin is still at full momentum.<\/p>\n

The latest reset looked similar to previous failed ignition attempts:<\/p>\n

\u2192 Momentum briefly recovered
\u2192 Failed to sustain above the transition zone
\u2192 Rolled back into negative momentum<\/p>\n

But this time was different.<\/p>\n

Momentum successfully\u2026 pic.twitter.com\/EBZdNLW0rD<\/a><\/p>\n

\u2014 Swissblock (@swissblock__) May 11, 2026<\/a><\/p>\n<\/blockquote>\n

Alphractal founder and CEO Joao Wedson observed<\/a> that the 30-day change in exchange reserves paints a different picture, with BTC falling every time this metric turns positive. Bitcoin entering exchanges is usually a sign of investors preparing to sell or short the asset.<\/p>\n

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Meanwhile, permabull \u2018Sykodelic\u2019 remained upbeat as ever, saying<\/a> that there have been no hard rejections, no massive sell-offs, and no weak price action. \u201cWhat we have had are small rejections and then higher highs.\u201d<\/p>\n

They observed that BTC is now above the bull market support band, the true market mean, and the short-term holder cost basis for ten days, including a daily close above the 200-day exponential moving average.<\/p>\n

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\u201cThe wider market is fully risk on, and I am expecting $85,000 to be breached, likely this week,\u201d they predicted.<\/p>\n<\/blockquote>\n

BTC Price Outlook<\/h2>\n

The asset had taken a dip on the day, falling from another retest of $82,000 to $81,100 at the time of writing.<\/p>\n

The asset has been sideways for the past seven days, but has gained more than 13% over the past month. It has been in a slow but steady upward trend for the past six weeks.<\/p>\n

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