Market analysts note that Bitcoin’s price has started to decouple from its previous correlation with the M2 money supply. Since the Federal Reserve is not expected to inject new liquidity until next year, this decoupling may persist for some time. In the near term, BTC price fluctuations will be driven more by market structure and investor sentiment than by macro monetary policy.
As of press time, Bitcoin is trading in a broad range between $90,000 and $120,000, with $100,000 forming a crucial support zone that has repeatedly attracted buyers. On the weekly chart, BTC approaches long-term support levels, including the 55-week moving average and RSI regions, which have supported the price multiple times. These technical signals show that while the market remains calm, the support level remains robust.
Currently, BTC’s technical structure is best described as overextended but stable. The weekly RSI sits in its support zone, indicating the price correction could be ending. The Stochastic RSI is nearing its bottom, which has often preceded reversals in previous cycles. These signals together indicate that the market is building a base, potentially benefiting patient investors.
In the short term, Bitcoin is consolidating between $103,000 and $112,000:
Although volatility has been low recently, sideways movement often precedes significant price action. As long as BTC stays above $100,000, market confidence remains strong at this level.
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Although this period of consolidation may seem uneventful, it likely represents a phase of market accumulation. A decisive breakout in either direction will set the stage for Bitcoin’s next trend. If momentum builds, a push above $120,000 is well within reach; if support fails, the market could retest the $90,000–$99,000 range. During this quiet phase, Bitcoin remaining above $100K is not just a psychological milestone; it may also signal the beginning of the next major move.





