Bitcoin's 30-day compression indicator has risen to an extreme 93.9% zone, marking the fourth comparable occurrence during the current bear-market phase, CryptoQuant analyst Axel Adler Jr. said. Over the past 20 days, Bitcoin has repeatedly tested its annual moving average without establishing a firm foothold, indicating that volatility compression is building near a key resistance level. The pattern could leave Bitcoin facing a directional move in the short term.