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, Bitcoin's recent price movement indicates a potential test of bullish support levels or a looming bearish breakdown. This analysis is crucial for traders as it highlights the current lack of momentum among Bitcoin bulls, which could lead to significant price shifts. Material Indicators notes that the current price action is testing critical support areas, which if breached, could trigger further downward pressure in the cryptocurrency market. Traders should closely monitor trading volumes and support levels to make informed decisions.