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

CryptoQuant analyst Axel Adler Jr. stated that the Bitcoin 30-day compression indicator has rebounded to an extreme level of 93.9%, marking the fourth occurrence since the beginning of this bear market phase. Over the past 20 days, Bitcoin price has continuously tested the annual moving average but failed to establish a firm hold, indicating that volatility compression is intensifying near a key resistance level, with the asset potentially facing a directional move in the short term.