• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin: Consolidation or Rally? Expert Forecasts

user avatar

by Giorgi Kostiuk

5 hours ago


As Bitcoin continues to trade below its all-time high, Markus Thielen, head researcher at 10x Research, believes there’s a possibility of following a pattern similar to 2024’s—a prolonged phase of consolidation after hitting record highs.

Market Analysis: 2024 Scenario

Thielen noted that he anticipated this scenario even before Bitcoin touched its latest peak of $109,000 on Trump’s inauguration day. His March report outlines concerns about Bitcoin’s current “High and Tight Flag” pattern, a technical formation that is generally bullish but, in this case, shows signs of weakness due to its fragmented structure.

Instead of forming one clean flag, Bitcoin’s chart has developed two weaker patterns, which suggests market indecision rather than a strong consolidation.Markus Thielen

Institutional Demand Weakens

Thielen also pointed to the spot Bitcoin ETF market as a key indicator of investor sentiment. Unlike previous price dips that sparked fresh buying, the current correction has seen little incentive for institutional players to step in. ETF flows coincide with our assessment that most ETF inflows came from arbitrage-driven hedge funds.

With low funding rates persisting, there’s no strong motivation to deploy additional capital despite the price pullback.Markus Thielen

Will Key Support Levels Hold?

While some traders remain cautious about Bitcoin’s near-term recovery, others are closely watching key support levels. Arthur Hayes, co-founder of BitMEX, believes Bitcoin is likely to retest $78,000, and if it fails to hold, it could slide further to $75,000. On the other hand, Iliya Kalchev from Nexo maintains that the low $70,000 range could provide a foundation for a stronger recovery.

For now, Thielen remains uncertain about Bitcoin’s next big move, advising traders to consider closing short positions. There is still no concrete evidence of an imminent rally. Macroeconomic factors like Trump’s proposed tariffs add to the market's uncertainty.

0

Share

Other news

Bitcoin Cash and Aptos Price Analysis: Trends and Influential Factors

Exploring Bitcoin Cash and Aptos price predictions, alongside the BlockDAG and Inter Milan partnership.

user avatarGiorgi Kostiuk

a few seconds ago

Lightchain AI Innovations: Merging AI and Blockchain

Lightchain AI garners attention for its AI and blockchain integration, with growth potential by 2025.

user avatarGiorgi Kostiuk

a minute ago

Pavel Durov Officially Departs France for Dubai

Telegram founder Pavel Durov has left France with court approval and moved to Dubai.

user avatarGiorgi Kostiuk

9 minutes ago

Potential Recovery in the Cryptocurrency Market: How Will Altcoins Fare?

The cryptocurrency market hints at a possible recovery after a slump. Assessing Bitcoin's impact and examining current altcoin risks.

user avatarGiorgi Kostiuk

13 minutes ago

TRON Becomes Top Revenue-Generating Blockchain, Surpassing Ethereum and Bitcoin

TRON becomes the top revenue-generating blockchain, surpassing Ethereum and Bitcoin with $12.9 million in revenue.

user avatarGiorgi Kostiuk

14 minutes ago

Kevin O’Leary: Time to Invest in Stocks Amid Market Correction

Kevin O’Leary sees current stock market correction as a chance for strategic investments.

user avatarGiorgi Kostiuk

14 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.