Bitcoin's price has remained below $100,000 since February, despite a recent 10% gain, primarily hindered by significant overhead resistance. Currently trading around $95,500, Bitcoin's journey to this benchmark has been complicated by a lack of solid catalysts. Recent market dynamics included a 30% surge following a low of $74,400 on April 7, driven partly by improved US-China trade relations. However, analysts assert Bitcoin's price movement is still trapped in a consolidation phase, particularly due to insufficient demand and fresh capital inflow. Trading firm QCP Capital highlighted that Bitcoin's decoupling from traditional equities signals its potential as a hedge against economic instability, yet macroeconomic factors have led to price fluctuations. Future projections suggest Bitcoin could consolidate within a range of $90,000–$94,500 until a new catalyst emerges for a breakthrough toward the elusive $100,000 mark. Popular trader Mags noted that maintaining current price levels could target a rise to $106,000 if support holds.

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