Bitcoin has remained rangebound for over two weeks, hovering between $100,000 and $110,000 without making any significant moves.
The lack of direction has puzzled traders, especially as the asset remains close to its all-time high of $111,900.
Analysts say the pause in Bitcoin’s rally reflects growing investor uncertainty. According to research from Bitfinex, buyers appear reluctant to push BTC higher without stronger catalysts or clearer signals from the broader economic landscape. This hesitancy has translated into muted demand at current price levels, keeping Bitcoin from breaking out.
The report also points to mild profit-taking as another factor slowing momentum. As bullish enthusiasm cools, some investors are opting to lock in gains, further limiting upward pressure.
FxPro market analyst Alex Kuptsikevich echoed a similar sentiment in comments to CoinDesk, noting that BTC is facing technical resistance near the $110,000 mark. With buyers showing signs of fatigue and sellers gradually reappearing, the price has struggled to build enough strength to test new highs.
Still, Kuptsikevich emphasized that Bitcoin remains above its 200-day moving average, a classic indicator of a long-term bull trend. However, he cautioned that a sharp shift in sentiment could spark a quick downturn, especially if selling pressure intensifies.
For now, Bitcoin continues to trade sideways, with market participants watching closely for the next macro driver or technical breakout to determine its next move.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is passionate about questions of meaning. He is a fluent German speaker as well as He has been in the crypto space for more than three years and has an eye for spotting emerging trends in the world of digital currencies. Whether providing in-depth analysis or reporting on all topics on a daily basis, his deep understanding and enthusiasm for what he does makes him a valuable addition to the team.
Source: https://coindoo.com/bitcoin-stalls-below-all-time-high-as-market-awaits-fresh-momentum/