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As the first month of 2025 comes to an end, Bitcoin (BTC) continues to move within his price range after the US, but approaches two historic final candles. Some analysts weighed at the state of the market, which suggests that it could be satisfied with good news for the time being.
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Bitcoin near historical monthly candle
Despite the recent corrections, Bitcoin has moved within the reach of $ 90,000 $ 108,000 since December 2024, which consolidates most of this period within the middle sun of its price range.
Some analysts have pointed out that the Crypto flagship has had a considerable achievement this month, which will not stay away from the $ 100,000 for long. Moreover, the recent recovery of the range of $ 104,000 $ 105,000 is the scene for a historic monthly and weekly candle.
As noted by Analyst, Capital is stretching, Bitcoin Hours is the closing of the month above $ 100,000 barrier for the first time and “printing a new monthly candle to confirm an outbreak of his monthly bull flag.”
Moreover, Bitcoin could to see A “historic weekly close” if it ends the week above $ 104,416. According to the analyst, similar closures above large weekly resistors on this point of the cycle have been historically preceded by a “continuous advantage of new all-time highlights”.
Nevertheless, Capital has also pointed out that BTC is probably preparing for the second stage of his post-reclaming parabolic phase, suggesting that a new price discovering rally could start halfway through February.
The second stage started historically around the 16th week of the parabolic phase, explained the analyst, while BTC is currently in the 14th week and recovers from the first prize discovery correction.
Based on this timeline, it is expected that the Crypto flagship will continue to make up for a week and a half for a week and a half, and investors will be advised to “patiently” BTC.
Has the confidence of the cryptomarkt been shaken?
Another market keeper noted That Bitcoin has been “stuck in anger” for a while, adding that he expected to see a bullish momentum after the FOMC news. The trader is of the opinion that the lack of significant price movement suggests that the price of BTC “will be sideways in the coming days.”
Aurelie Barthere, main research analyst at Nansen, recently weighed the current state of the market. Barthere suggested That the market seems to be ‘saturated’ for the time being, because the most recent bullish news was apparently overlooked.
The report emphasized the latest changes in the regulations, including the falls of SAB 121 and the executive order for an American crypto stock, his “extreme bullish” and will probably facilitate a wider crypto adoption.
In addition, the Elon Musk-guided Department of Government Efficiency (Doge) is said to be considering the public blockchain to follow and manage the government costs. The news, however, was ignored and followed by “Underwhelming pricing by BTC and the rest of the cryptomarkt.”
This suggests that the market is temporarily saturated and “more reactive for negative sentiment than positive news.” Barthere pointed out how the Deepseek-Triggered withdrawal remained in the cryptomarkt on Monday.
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Based on the price and volume action immediately after the Shakeout, the analyst noted “that the confidence of the buyers was somewhat shaken”, which resulted in an initially timid recovery.
Nevertheless, in contrast to other higher-Beta-Tokens, Bitcoin had a superficial and short intra-day sale on Monday, which shows’ an interesting level of ‘dispersion’ between tokens, with BTC still the sweet token of this new one, Policy -controlled market environment. “
Featured image of unsplash.com, graph of TradingView.com
