Bitcoin Price Reclaims Channel but Momentum Remains Neutral

The bitcoin price has experienced a resurgence, reclaiming its ascending channel after a brief dip below $68,000. However, momentum remains neutral due to weak retail flows and quiet whales.

According to on-chain data, multi-month lows in large-wallet transfers have been observed, indicating thinner liquidity pockets that can limit breakouts. This situation can lead to choppy sessions with price action stuck within the channel.