According to Material Indicators, Bitcoin's bullish momentum, sparked by favorable White House statements, is beginning to fade. The cryptocurrency market experienced a rally earlier this week, but traders are now questioning whether this is a temporary bullish support test or a signal of a bearish breakdown. Key support levels and market trends should be closely monitored to inform trading strategies during this uncertain phase.

According to Material Indicators, BTC price has faced rejection at the 2025 Yearly Open, presenting a potential scenario of either a bearish retrace or a bullish support test. The analysis highlights the importance of the 100-Day Moving Average as a critical support level, which is backed by significant bid liquidity as shown by FireCharts. Traders are advised to monitor this level closely for potential market movements.