The article discusses the current consolidation phase of Bitcoin, with the cryptocurrency trading within a range of $93,000 to $98,000. Bitcoin has been unable to break above its all-time high of $109,114 and return to price discovery. The volatility of Bitcoin has fallen to historical lows, indicating a potential for a major market move. If demand remains strong, Bitcoin could establish a new range above its ATH. However, a lack of sustained buying pressure may lead to a deeper correction. Bitcoin is currently facing a short-term barrier at $99,067, and breaking through this level is crucial for a return to the $100,000 mark. There is a significant buying interest at the current price level, indicating a potential strong support zone.
Content Editor ( u.today )
- 2025-02-21
Bitcoin Key Indicator Signals Major Move on Horizon: Potential Scenarios
