Two bullish factors combined, so why can't BTC break upward? Bullish news is exhausted. Before the data was released, the market had already partially priced it in. Once the data actually came out, it became an opportunity to 'sell the news.' The selling pressure above 87,000-88,000 is too heavy. This range has been repeatedly tested over the past two weeks, and each time it gets pushed back. Bullish momentum is lacking. Even with good news, BTC can't move up, which shows there's no new buying interest. Long-term bulls are waiting to break even, while new bulls aren't entering the market. From a contrarian perspective, the more unanimous the public consensus, the stronger the reverse signal. Check out this week's market report for in-depth analysis and projections.