While the first month of 2025 is coming to an end, Bitcoin (BTC) continues to move in its range of post-American electoral prices, but approaches two historic fence candles. Some analysts have weighed on the state of the market, suggesting that it could be satisfied with good news at the moment.
Bitcoin near the historic monthly candle
Despite recent corrections, Bitcoin has been traveling in the range of $ 90,000 to $ 108,000 since December 2024, consolidating in the intermediate area of its price range during most of this period.
Some analysts have stressed that the flagship crypto experienced a decent performance this month, without staying away from the $ 100,000 mark for a long time. In addition, its recent recovery in the range of $ 104,000 to $ 105,000 opens the way to a historic monthly and weekly candle.
As analyst Rekt Capital noted, Bitcoin is a few hours before closing the month above the $ 100,000 barrier for the first time and “the printing of a new monthly candle to confirm an escape of his monthly bull flag ”.
In addition, Bitcoin could see a “historic weekly closure” if it ends the week above $ 104,416. According to the analyst, similar fences above the main weekly resistances at this stage of the cycle have historically preceded an “continuous upwards of the new peaks of all time”.
Nevertheless, Rekt Capital also stressed that BTC is most likely preparing for the second stage of its post-colvante parabolic phase, which suggests that a new price discovery rally could start mid-February.
The second step has historically started around the 16th week of the parabolic phase, explained the analyst, while BTC is currently in the 14th week, recovering from the first price discovery correction.
Based on this calendar, the flagship crypto should continue to prepare for the rally for a week and a half, and investors are invited to “patiently Hodl” BTC.
Is the cryptography market shaken?
Another market observer noted that Bitcoin has been “stuck in rage for some time now”, adding that he expected to see a bullish momentum after the FOMC news. The merchant considers that the lack of significant price movement suggests that the BTC price will be “on the side for the next few days”.
Recently, Aurelie Barthere, main research analyst of Nansen, weighed on the current state of the market. Barthere suggested that the market seems to be “full for the moment”, because most of the recent uprights have been ignored.
The report pointed out that the latest regulatory changes, including the overthrow of SAB 121 and the executive decree of an American crypto stock, have been “extremely optimistic” and will probably facilitate a wider adoption of cryptography.
In addition, the Government Ministry of Government (DOGE) led by Elon Musk would consider public blockchain to follow and manage public spending. However, the news was ignored and followed by “disappointing BTC prices and the rest of the cryptography market”.
This suggests that the market is temporarily full and “more reactive to negative feeling than positive news”. Barthere highlighted how the decline in depth on Monday has bled in the cryptography market.
Based on the action of the price and volume just after the Shakeout, the analyst noticed that “the confidence of” buyers “was somewhat shaken”, leading to a resumption initially shy.
Nevertheless, unlike other tokens superior to beta, Bitcoin had a shallow and brief intra-day sale on Monday, which “shows an interesting level of” dispersion “between, market environment. »»
