Bitcoin has failed to reclaim higher prices, reinforcing the growing belief that the market may be entering a deeper bearish phase. After multiple attempts to push above key resistance levels, BTC continues to trade sideways with declining momentum, reflecting a clear shift in investor sentiment. Fear is rising across the market, and price action has yet to show any convincing signs of recovery.

According to new data shared by Axel Adler, several structural on-chain and market indicators now support a continuation of bearish conditions in the months ahead. Adler’s analysis points to weakening demand, persistent sell pressure, and deteriorating liquidity—factors that historically precede prolonged corrective periods.

While Bitcoin has held above critical support zones, its inability to es

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