Bitcoin is showing tentative signs of demand recovery, but confirmation from U.S. spot markets remains absent, according to commentary from CryptoQuant. The divergence between an apparent pickup in buying interest and the lack of confirmation from U.S. spot demand is creating uncertainty among traders, who are closely watching the $64,000 to $65,000 price range as a critical battleground.
Market observers note that while buyers appear to be attempting to regain control, the absence of confirmed U.S. spot demand could limit upward momentum and increase near-term volatility. Trading volume data remains thin, reinforcing a wait-and-see posture among participants and complicating short-term analysis.
Adding to the technical picture, a widely followed post from @krakenfx highlighted a potential breakout on higher time frames and urged traders to “BULLieve” in Bitcoin’s prospects. This signals renewed attention to technical indicators amid mixed momentum across major crypto assets, with cautious optimism prevailing as traders await stronger confirmation before positioning for sustained moves.
