Since Bitcoin broke through the $90,000 mark, its price has been consolidating between $91,500 and $106,500. Many investors are wondering if this sideways movement will end soon. Historical data and technical indicators suggest that a breakout is approaching.

Bitcoin Consolidation May Be Coming to an End

Analysts identify a strong support zone around $98,300 and a resistance level at $101,000. As long as Bitcoin remains within this range, consolidation will persist. However, once BTC secures a daily close above the resistance, the next upward move could begin.

Growing Bitcoin Demand, But No Explosion Yet

Bitcoin demand is increasing but remains lower compared to previous bull markets. Institutional investors are more active than retail traders, indicating a shift in market dynamics. A surge in new buyers could accelerate the end of this consolidation phase.

Technical Indicators Predict a Breakout

The Bollinger Bands, a key volatility indicator, show that Bitcoin‘s price range is tightening. This pattern was last seen in June and January 2024, after which BTC surged by 19% to 31%. If history repeats itself, Bitcoin could make a significant move within days or weeks.

What Can Investors Expect?

Bitcoin's consolidation may continue in the short term, but a breakout appears inevitable. When it happens depends on demand and market sentiment. Investors should remain patient and be prepared for Bitcoin‘s next major price movement.

Disclaimer: This is not financial advice. Always conduct your own research and seek professional guidance.