After a sharp decline in early February, Bitcoin price experienced a significant reversal over the next two months. While the month of May initially continued on this positive note, the major cryptocurrency appears to have cooled off over the past week – in line with BTC’s track record of not register for three consecutive months of positive price action during a bear market year. Interestingly enough, recent on-chain observations suggest that trouble could be brewing for the Bitcoin price, at least in the short term.
Can the Bears Take Over the Bitcoin Market Again?
In a new post on the X platform, crypto analysis company Bitcoin Vector reports explained that the current waning bullish momentum could be a more devastating signal for Bitcoin than people think. According to the market intelligence firm, BTC price momentum doesn’t have to turn deeply negative for investors to pay attention.
Bitcoin Vector highlighted that the Glassnode momentum indicator, which measures the speed and strength of price movements (in a specific direction) within a specified period, has witnessed a sharp decline in recent days. The analytics platform noted that while the focus would be on momentum turning negative, the +0.5 is the level to watch.
According to Bitcoin Vector’s analysis, price momentum crossing below +0.5 is the first signal that the uptrend could fade and sellers could overtake the market. The analytics firm revealed that the last two times the flagship cryptocurrency lost this critical level, the BTC price structure shifted.
Those last two times include: October 2025, when the Bitcoin price suddenly crashed to just above $100,000, and February 2026, when the market leader fell to around $62,000. Bitcoin Vector noted that these moves were characterized by a weakened CVD (cumulative volume delta), a return of seller control, and a deteriorating price structure.
Recent on-chain data shows that price momentum remains above +0.5 – albeit around +0.7. “But if it loses that level as Spot CVD continues to weaken, caution quickly increases. That would be the first signal that deterioration is starting below the surface,” Bitcoin concluded.
Ultimately, the world’s largest cryptocurrency appears to be at a critical juncture, with waning price momentum potentially signaling what’s to come in the coming weeks.
Bitcoin price at a glance
At the time of writing, BTC is valued at approximately $75,950, reflecting a price drop of more than 2% in the past 24 hours.