Bitcoin's price action is characterized by consolidation and a lack of clear directional momentum. While traders are favoring short-term gains, the absence of extreme fear suggests a potential for future growth. Macro forces and technical indicators present mixed signals, leaving the market in limbo.
Traders are favoring quick flips over long-term conviction, dulling Bitcoin’s ‘high-risk, high-reward’ edge.
If history tells us anything, consolidation is often the calm before a breakout – big money fends off a pullback, while weak HODLing delays a supply shock.hit $100K over a week ago, yet it refuses to drop below $92K. Is this the buildup to a breakout, or is another pullback about to shake the market?Since the New Year, Bitcoin’s greed index has peaked just once, with sentiment mostly neutral.Bitcoin’s ‘high-risk, high-reward’ edge is fading as traders favor quick flips over long-term bets.
If this trend holds, a breakout may be off the table. Instead, fear could take over, dragging BTC down to $88K before its next big move.Unlike past cycles, macro forces are steering this one. The Crypto Volatility Index is nearing pre-election lows – a bullish signal. Yet, with RSI still above the bottom and MACD flashing bearish, the charts aren’t screaming “buy” Bitcoin just yet.in derivatives is hitting new highs, making a full-blown deleveraging phase far from certain. Unlike past cycles, this one doesn’t promise a parabolic rally.
Instead, BTC could defy expectations as sentiment remains stuck in limbo. It’s still missing the “greed” trigger needed for liftoff.Ripley is a full-time crypto-news journalist with a fascination for blockchain tech and how it makes lives easier on multiple levels. She has been trading since 2019, and has a keen eye for market movements and analyses.Subscribe to get it daily in your inbox.
BITCOIN TRADING MARKET SENTIMENT TECHNICAL ANALYSIS MACROECONOMICS
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