As per Coindesk, Bitcoin's On-Balance Volume (OBV) indicator has dropped to levels last seen on April 24, 2025, when BTC was trading around $94,000. This decline suggests weakening demand and a potential price drop below $100,000, despite BTC holding above that level for four consecutive months. The OBV breaking below its range contrasts with the price's stability and signals a possible bearish trend. Other momentum indicators, such as the MACD histogram, also show bearish signs, with deeper bars forming below the zero line on the weekly chart. Bitcoin is currently trading below its 50-day simple moving average and near critical support at $107,300. A break below this level could shift focus to the June 22 low of $99,225.
Bitcoin's OBV Indicator Hits April Lows, Signals Potential Drop Below $100K
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