Bitcoin Price Update: Market Consolidation Continues
Bitcoin Trading in a Defined Range
For the past 90 days, Bitcoin has been consolidating within a high time-frame (HTF) range of $108,000 to $90,000. Despite ongoing speculation about whether this phase represents distribution or re-accumulation, a decisive breakout in either direction is imminent.
Current Price Action and Market Structure
At present, Bitcoin is trading around the Point of Control (POC) within this range, experiencing a tight daily fluctuation of 3-4% over the last few days. This low volatility phase suggests that a major move is on the horizon.
Technical Indicators and Market Sentiment
Bitcoin’s price is currently positioned below the 55-day Exponential Moving Average (55EMA)(Blue) and above the 100-day Exponential Moving Average (100EMA)(Red). While EMAs in this consolidation phase do not provide clear directional cues, they indicate that the bullish market structure remains intact as long as Bitcoin holds the $90,000 support level.
Potential Breakout and Expected Price Movement
Historically, when Bitcoin gets squeezed between key moving averages, a significant breakout follows. Given the current setup, a $4,000 to $5,000 price swing can be expected, depending on which side breaks first.
Final Thoughts
As Bitcoin hovers within this range, the market anticipates a high-volatility move. Whether Bitcoin will push toward a new all-time high or dip into deeper correction territory depends on upcoming macroeconomic trends and market sentiment. Stay tuned for real-time Bitcoin price analysis to navigate the next big move effectively.
For the past 90 days, Bitcoin has been consolidating within a high time-frame (HTF) range of $108,000 to $90,000. Despite ongoing speculation about whether this phase represents distribution or re-accumulation, a decisive breakout in either direction is imminent.
Current Price Action and Market Structure
At present, Bitcoin is trading around the Point of Control (POC) within this range, experiencing a tight daily fluctuation of 3-4% over the last few days. This low volatility phase suggests that a major move is on the horizon.
Technical Indicators and Market Sentiment
Bitcoin’s price is currently positioned below the 55-day Exponential Moving Average (55EMA)(Blue) and above the 100-day Exponential Moving Average (100EMA)(Red). While EMAs in this consolidation phase do not provide clear directional cues, they indicate that the bullish market structure remains intact as long as Bitcoin holds the $90,000 support level.
Potential Breakout and Expected Price Movement
Historically, when Bitcoin gets squeezed between key moving averages, a significant breakout follows. Given the current setup, a $4,000 to $5,000 price swing can be expected, depending on which side breaks first.
Final Thoughts
As Bitcoin hovers within this range, the market anticipates a high-volatility move. Whether Bitcoin will push toward a new all-time high or dip into deeper correction territory depends on upcoming macroeconomic trends and market sentiment. Stay tuned for real-time Bitcoin price analysis to navigate the next big move effectively.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.