TechFlow News, January 26: Matrixport released its daily analysis stating that Bitcoin has remained in a correction phase after breaking below its 21-week moving average. Although Bitcoin staged a short-term rebound in late December, it encountered resistance and retreated near the 21-week moving average level (approximately $96,044), failing repeatedly to reclaim this key technical indicator.
Analysts noted that the 21-week moving average is a core indicator for observing shifts between bullish and bearish sentiment in Bitcoin—historically providing reliable trend-following signals during uptrends and serving as an early warning of risk during sharp pullbacks.
The report suggests that while tactical rebounds may occur in the near term, the market currently lacks clear, compelling signals to sustain an upward move, and remains broadly in correction mode. Investors are advised to exercise caution and closely monitor future interactions between price and the moving average.
