At the end of the first month of 2025, Bitcoin (BTC) continues the displacement of the US election prices, but is approaching two historical candles. Some analysts considered the state of the market, suggesting that for now it could be satisfied with good news.

Bitcoin near the historic monthly candle

Despite the last corrections, Bitcoin has been moving in the range of 90,000–108,000 USD since December 2024, consolidating in the middle of the price zone for most of this period.

Some analysts pointed out that the flagship crypto had decent results this month, not staying away from the $ 100,000 sign for a long time. In addition, the recent recovery of a range of 104,000–105,000 USD is a scene for the historic monthly and weekly candle.

As noted by the Rekt Capital analyst, Bitcoin is a few hours away from the closing of the month above the 100,000 USD barrier for the first time and “printing a new monthly candle to confirm the breakthrough from the bull’s monthly flag”.

In addition, Bitcoin could See “Historical weekly closure” if it ends a week above USD 104,416. According to the analyst, similar closures above the main weekly resistance at the moment of the cycle were historically preceded by “a constant advantage over the new maxima of all time.”

Nevertheless, Rekkt Capital also noted that BTC is most likely preparing for the second stage of the parabolic phase after No., which suggests that the fresh scale of prices may start in mid -February.

The analyst explained that the second leg began historically around the 16th week of the parabolic phase, while BTC is currently in the 14th week, he returns after the first correction of the discovery of prices.

Based on this time axis, the flagship crypto is to continue to prepare for the rally for the next one and a half weeks, and investors are recommended to “patiently Hodl” BTC.

Is the trust of the cryptographic market shocked?

Another market observer excellent This Bitcoin “got stuck for some time”, adding that he was expecting a stubborn rush from FOMC news. The salesman believes that the lack of significant price movement suggests that the price of BTC “will be aside for several days”.

Recently, Aurelie Barthere, the main analyst for research in Nansen, considered the current state of the market. Barthere suggested The fact that the market seems to be “satisfied for now” because most of the last stubborn messages have been seemingly overlooked.

The report emphasized the latest regulatory changes, including the overthrow of SAB 121 and executive ordinances for the American cryptographic action, were “extremely stubborn” and will probably facilitate wider cryptographic adoption.

In addition, the Department of the Government led by Elon Musk (DOGE) apparently considers public blockchain in order to track public expenditure and management. The messages, however, were ignored and then “disappointing BTC and the rest of the cryptographic market.”

This suggests that the market is temporarily saturated and “more reactive to negative moods than positive news.” Barthere pointed out how the withdrawal of Deepseek from Monday was bleeding to the cryptographic market.

Based on the price and volume, immediately after the shock, the analyst noticed that “the certainty of” buyers “was slightly shocked”, which initially caused a shy recovery.

Nevertheless, unlike other tokens with a higher beta, Bitcoin had a shallow and compact sale inside the day on Monday, which “shows an interesting level of” dispersion “between tokens and BTC is still a beloved token of this new, politics based on politics. “

A distinguished painting with unmplash.com, chart from tradingview.com