Bitcoin continues to oscillate near its all-time high of $111,900, raising questions among traders. Analysts note growing uncertainty among investors.
Market Awaits Fresh Drivers
Analysts suggest that the current pause in Bitcoin's rally reflects increasing investor uncertainty. Research from Bitfinex indicates that buyers are hesitant to push BTC higher without stronger catalysts or clearer signals from the broader economic landscape.
Changes in Trader Behavior
The report also mentions mild profit-taking as another factor slowing momentum. As bullish enthusiasm cools, some investors are opting to lock in gains, further limiting upward pressure.
Current Market Situation and Possible Consequences
FxPro market analyst Alex Kuptsikevich echoed a similar sentiment, noting that BTC faces technical resistance near the $110,000 mark. With buyers showing signs of fatigue and sellers gradually reappearing, the price struggles to build enough strength to test new highs. However, Kuptsikevich emphasized that Bitcoin remains above its 200-day moving average, a classic indicator of a long-term bull trend.
For now, Bitcoin continues to trade sideways, with market participants closely watching for the next macro driver or technical breakout to determine its next move.
