Is The Crypto Market ‘Satiated’ For Now? Analysts Say Bitcoin Will Continue Sideways Move

Quick Summary:

Related Reading: SUI Rally Eyes Double-Digits: VanEck Analyst Forecasts $16 Price By Year-End Bitcoin Near Historical Monthly Candle Despite the recent corrections, Bitcoin has been moving inside the $90,000-$108,000 range since December 2024, consolidating within the mid-zone of its price range for most of this period.

As noted by analyst Rekt Capital, Bitcoin is hours away from closing the month above the $100,000 barrier for the first time and "printing a new Monthly Candle to confirm a breakout from its Monthly Bull Flag.” Additionally, Bitcoin could see a "historic Weekly Close” if it ends the week above $104,416.

However, the news has been ignored and followed by "underwhelming price action by BTC and the rest of the crypto market.” This suggests that the market is momentarily satiated and "more reactive to negative sentiment than positive news.” Barthere pointed out how the DeepSeek-triggered pullback from Monday bled into the crypto market.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: United Kingdom

Topics: Bitcoin Crypto market Crypto Bull Run 2025 Bitcoin Nansen BTCUSDT Bitcoin Bullish Breakout Btc Crypto analyst Bitcoin correction Crypto trader Crypto market correction

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-01 @ 06:30:10 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 558 words

Reading Time: 4 minutes read

Sentences: 75 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 25689413

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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Coverage Areas: United Kingdom

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