Bitcoin remains structurally stubborn, although they do not confirm the compact -term direction, and investors are now looking for signals of another critical movement. While uncertainty still dominates on the market, many analysts say that BTC is preparing for a huge breakthrough for the highest levels (ATH).
Key data from INTOTHEBLOCK It reveals that Bitcoin’s correlation from the S&P 500 has fallen to zero, signaling that BTC is now separated from classic markets. This is a uncommon event because Bitcoin generally observed macroeconomic trends and stock market movements in the past. However, without a clear correlation, BTC seems to move in its own cycle, dictated by internal market forces, not external financial events.
The last time we saw such a low correlation on November 5, 2024, just before Bitcoin exceeded $ 100,000. If BTC regains USD 100,000 in the coming days, analysts expect a huge rally, which potentially leads to the novel highest level.
Speculation is growing, and analysts suggest that this recent consolidation is composed before the storm – and a stubborn storm. Historically, long periods of side to side near high bicycles led to explosions, and the current market conditions seem to be in line with this pattern.
Price consolidation: Technical levels
Bitcoin trades for USD 96,300 after almost two weeks of rotation in a strict range from 94,000 to 100,000 USD. This prolonged signal of the consolidation phase market indecision, because both bulls and bears are trying to gain control.
Despite the compact -term uncertainty, the long -term trend remains stubborn, and Bitcoin maintains more than key demand zones. However, investors become impatient, because the lack of a clear breakthrough raised doubts as to whether BTC would push into the novel ups of all time (ATH) or will encounter a deeper correction.
If Bitcoin recovers a $ 100,000 sign, analysts expect an explosive rally that can lead the price to an unexplored territory. Historically, consolidation near ATH levels often precedes solemn blemishes, and many traders bet on this scenario.
On the other hand, a break below USD 94,000 can cause sturdy sales pressure, which forces BTC to a lower demand level of about USD 89,000 – USD 90,000. For now, the market remains suspended, waiting for confirmation in both directions. Traders carefully observe key levels, because the next move can give the tons of Bitcoin trajectory in the coming weeks.
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