NEWSLETTER
bitcoin remains structurally optimistic despite not confirming the short -term address, and investors are now looking for signs of the next important movement. While uncertainty continues to dominate the market, many analysts argue that btc is preparing for a massive break in the maximum of all time (ATH).
<a target="_blank" href="https://x.com/intotheblock/status/1891414187600986495″ target=”_blank” rel=”noopener nofollow”>Key data from Intotheblock It reveals that bitcoin's correlation with the S&P 500 has fallen to zero, indicating that btc is now decoupled with traditional markets. This is a rare event, since bitcoin has generally followed macroeconomic trends and stock market movements in the past. However, without a clear correlation, btc seems to be moving in its own cycle, dictated by the internal forces of the market instead of external financial events.
The last time we saw such a low correlation was on November 5, 2024, just before bitcoin climbed more than $ 100K. If btc claims the $ 100K level in the next few days, analysts expect it to follow a mass demonstration, which can lead to a new historical maximum.
Speculation is increasing, with analysts that suggest that this recent consolidation is calm before the storm, and a bullish storm in that. Historically, the long periods of lateral trade near the maximums of the cycle have led to explosives outbreaks, and the current market conditions seem to align with that pattern.
Price consolidation: technical levels
bitcoin is quoted at $ 96,300 after almost two weeks of lateral contribution in a tight range between $ 94,000 and $ 100,000. This prolonged consolidation phase indicates the indecision of the market since both bulls and bears struggle to gain control.
Despite short -term uncertainty, the long -term trend remains optimistic, and bitcoin remains above the key demand areas. However, investors are increasingly impatient, since the lack of a clear break has raised doubts about whether btc will push new maximums of all time (ATH) or face a deeper correction.
If bitcoin claims the $ 100K brand, analysts expect an explosive rally that can boost the price towards an unexplored territory. Historically, consolidation near ATH levels often precedes the great shoots, and many merchants bet on this scenario that develops again.
On the other hand, a break below $ 94K could cause strong sales pressure, which forces btc to lower demand levels of around $ 89k– $ 90K. For now, the market remains in Limbo, waiting for confirmation in any direction. The merchants are closely observing the key levels, since the following movement could establish the tone of bitcoin's trajectory in the coming weeks.
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