The prices of major crypto assets moved relatively flat in the latest trading session, with Bitcoin (BTC), Ethereum (ETH), XRP, and Dogecoin (DOGE) experiencing slight corrections. BTC is currently trading around US$109,600, down less than 1%. This movement reflects a consolidating market rather than a strong upward or downward trend.
Market Sentiment Remains Cautious
Although sentiment indicators lean toward “fear,” there has not been a major sell-off. Some analysts view this phase as normal, especially after the significant rally seen in previous months.
Technical patterns such as a “broadening top” also suggest the possibility of larger price movements ahead—either upward or downward—depending on market reaction.
Key Technical Levels Will Guide Bitcoin’s Next Move
According to analyst Michaël van de Poppe, the US$112,000 level is a key resistance Bitcoin needs to break in order to strengthen its chances of continuing a bullish trend. As long as BTC stays near the US$110,000 zone, the market is considered to be in a neutral state.
Active liquidity inflows from stablecoins also indicate that investors have not exited the market completely but are waiting for a clearer direction.
Overall, the crypto market is currently in a watchful phase—not euphoric, but not in panic either. The next move will largely depend on Bitcoin’s breakout, macroeconomic conditions, and how market participants react to key resistance levels.
For traders and investors, periods like this are often used to monitor technical levels, adjust strategies, and wait for stronger signals before making decisions.
.jpg)
%201.png){kind=logo}
