Analyst: Bitcoin 30-day compression indicator rises to 93.9%, price continues testing annual moving average resistance

TechFlow reported on September 20 that CryptoQuant analyst Axel Adler Jr. stated Bitcoin's 30-day compression indicator has rebounded to an extreme range of 93.9%, marking the fourth occurrence since the current bear market phase began. Over the past 20 days, Bitcoin's price has consistently tested the annual moving average but failed to hold firmly, indicating that volatility compression is intensifying near a key resistance level, potentially forcing a directional choice in the short term.