Bitcoin To Continue Sideways Move, Is The Market ‘Satiated’?
With the end of the first month of 2025, Bitcoin (BTC) continued to move within the subsequent election price range, but close to two long candles. Some analysts weigh the market status, which shows that it may be satisfied with good news for the time being.
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Bitcoin is close to history Monthly candle
Although there is recently correctSince December 2024, Bitcoin has been moved within the range of $ 90,000- $ 108,000. During this period, Bitcoin has been solid in the central part of its price range.
Some analysts pointed out that the flagship encryption performed well this month, far from $ 100,000 long -term. In addition, the recovery of the recently in the range of $ 104,000-$ 105,000 is laid the foundation for the monthly and weekly candles.
As the analyst Rekt Capital pointed out, the Bitcoin distance was first closed for a few hours for the first time of closing 100,000 US dollars, and “printing a new monthly candle to confirm the breakthrough of its monthly bull market.”
Also, Bitcoin can look If the “historic weekly end”, the week ends at a price higher than $ 104,416. According to analysts, in this cycle, similar closure of above is the main resistance of weekly, which has always been “the highest highest in history” in history.
Nevertheless, REKT Capital also pointed out that BTC is most likely to prepare for the second round of parasitic parasites of the side parabolic, which indicates that new price discovery rally can start Mid -FebruaryEssence
The analyst explained that in the second round of history, it has begun to start around the 16th week of the parabola, and BTC is currently in the 14th week, and it is recovered from the first price discovery.
Based on this table, the flagship cryptocurrency is expected to continue to prepare another and a half weeks for Rally, and it is recommended that investors “patient HODL” BTC.
Has the confidence in the cryptocurrency market shake?
Another market observers Well -known The bitcoin was “angry for a while” and added that he hoped to see some of the motivation to see bullishness after FOMC news. Traders believe that the lack of major price changes show that the price of BTC “will be on the side of the next few days.”
Recently, Aurelie Barthere, the chief research analyst of NANSEN, weighs the current status of the market. Bartle suggestion Because most of the recent bullish news seems to have been ignored, the market seems to be “satisfied now.”
The report emphasizes the latest regulatory changes, including the overthrow of SAB 121 and the administrative order of cryptocurrency inventory in the United States, and may help the use of wider cryptocurrencies.
In addition, it is reported that the government efficiency department (DOGE) led by Elon Musk is considering public blockchain tracking and managing public expenses. but, information It was ignored and subsequently “low price actions in BTC and other cryptocurrency markets.”
This shows that the market is temporarily satisfied, “more reactiveness to negative emotions than positive news.” Batre pointed out how the deeper trigger trigger was triggered on Monday.
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According to the price and quantity of Shakeout, the analyst noticed that “the buyer’s confidence is a bit shaken”, which led to the initial timid recovery.
Nevertheless, unlike other senior token, Bitcoin has one Shallow On Monday, a short day of sale, “The interesting ‘decentralized level is displayed between tokens, and BTC is still the darling of the policy -driven market environment.”
Special images from unsplash.com, chart of tradingView.com
