Featured Image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
As the first month of 2025 comes to an end, Bitcoin (BTC) continues moving within its post-US election price range but nears two historical closing candles. Some analysts weighed in on the market\u2019s state, suggesting that it could be satisfied with good news for the time being. Related Reading: SUI Rally Eyes Double-Digits: VanEck Analyst Forecasts $16 Price By Year-End Bitcoin Near Historical Monthly Candle Despite the recent corrections, Bitcoin has been moving inside the $90,000-$108,000 range since December 2024, consolidating within the mid-zone of its price range for most of this period. Some analysts have pointed out that the flagship crypto has had a decent performance this month, not staying away from the $100,000 mark for long. Moreover, its recent recovery of the $104,000-$105,000 range is setting the stage for a historical monthly and weekly candle. As noted by analyst Rekt Capital, Bitcoin is hours away from closing the month above the $100,000 barrier for the first time and \u201cprinting a new Monthly Candle to confirm a breakout from its Monthly Bull Flag.\u201d Additionally, Bitcoin could see a \u201chistoric Weekly Close\u201d if it ends the week above $104,416. According to the analyst, similar closes above major weekly resistances at this point of the cycle have historically preceded a \u201ccontinued upside to new all-time highs.\u201d Nonetheless, Rekt Capital has also pointed out that BTC is most likely preparing for the second leg of its Post-halving Parabolic Phase, which suggests that a new Price Discovery rally could start mid-February. The second leg has historically started around the 16th week of the Parabolic Phase, the analyst explained, while BTC is currently in the 14th week, recovering from the First Price Discovery Correction. Based on this timeline, the flagship crypto is expected to continue gearing up for the rally for another week and a half, and investors are advised to \u201cpatiently HODL\u201d BTC. Is The Crypto Market\u2019s Confidence Shaken? Another market watcher noted that Bitcoin has been \u201cstuck in rage for a while now,\u201d adding that he expected to see some bullish momentum after the FOMC news. The trader considers that the lack of significant price movement suggests BTC\u2019s price will \u201cbe sideways for the coming few days.\u201d Recently, Aurelie Barthere, Principal Research Analyst at Nansen, weighed in on the market\u2019s current state. Barthere suggested that the market appears to be \u201csatiated for now,\u201d as most of the recent bullish news has been seemingly overlooked. The report highlighted the latest regulatory changes, including the overturn of SAB 121 and the executive order for a US Crypto Stockpile, have been \u201cextremely bullish\u201d and will likely facilitate a wider crypto adoption. Additionally, the Elon Musk-led Department of Government Efficiency (DOGE) is reportedly considering public blockchain to track and manage public expenses. However, the news has been ignored and followed by \u201cunderwhelming price action by BTC and the rest of the crypto market.\u201d This suggests that the market is momentarily satiated and \u201cmore reactive to negative sentiment than positive news.\u201d Barthere pointed out how the DeepSeek-triggered pullback from Monday bled into the crypto market. Related Reading: Dogwifhat (WIF) Surges 16% Amid Las Vegas Sphere Project Expectation, Breakout Coming? Based on the price and volume action right after the shakeout, the analyst noticed \u201cthat \u2018buyers\u2019 confidence has been somewhat shaken,\u201d resulting in an initially timid recovery. Nonetheless, unlike other higher-beta tokens, Bitcoin had a shallow and brief intra-day sell-off on Monday, which \u201cshows an interesting level of \u2018dispersion\u2019 between tokens, with BTC still the darling token of this new, policy-driven, market environment.\u201d Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":604954,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[428,89196,84434,1119,78790,26263,93285,10923,93291,89756,86135],"class_list":["post-688245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-bullish-breakout","tag-bitcoin-correction","tag-btc","tag-btcusdt","tag-crypto-analyst","tag-crypto-bull-run-2025","tag-crypto-market","tag-crypto-market-correction","tag-crypto-trader","tag-nansen"],"acf":[],"yoast_head":"\n
Bitcoin To Continue Sideways Move, Is The Market \u2018Satiated\u2019?<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n