Bitcoin (BTC) is currently in a localized correction phase as market uncertainty and macroeconomic pressures continue. The cryptocurrency has struggled to gain momentum and remains range-bound. However, a breakout from this consolidation could reignite bullish sentiment and potentially push Bitcoin towards $107,000 in the coming weeks. The current range for Bitcoin is between $94,800 and $98,400, and a decisive push above $98,400 could drive the price towards $100,200, $102,700, and eventually $107,000. On the downside, a failure to hold the $94,800 support level could lead to a decline towards $91,300 and $90,000. Despite short-term consolidation, CryptoQuant CEO Ki Young Ju remains optimistic about Bitcoin's long-term trajectory and believes the bull cycle remains intact. The overall trend for Bitcoin is upward, and even a 30% correction from an all-time high to $77,000 would not mark the start of a bear market. However, cautious market conditions and lack of clear catalysts for a breakout exist, with factors such as Federal Reserve policy uncertainty and trade tensions affecting investor sentiment. Additionally, Bitcoin investment products saw significant outflows last week, ending a 19-week streak of institutional inflows. Investors are currently monitoring macro developments and institutional sentiment shifts to determine Bitcoin's trajectory in the near future.



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