๐จ MARKET UPDATE: Bitcoin Below $100K for 5 Months
Bitcoin has now traded under the $100K level for over 5 months, marking a prolonged consolidation phase after its previous expansion.
What this typically suggests:
* Extended range-bound accumulation / distribution phase
* Market struggling to establish a sustained breakout trend
* Liquidity building above and below key psychological levels
Key focus now:
* Whether this becomes a long accumulation base before expansion
* Or a broader distribution range before another leg down/up
* How long-term holders and ETF flows respond at these levels
After this long under-$100K period, the next major move will likely define the macro trend direction for the coming cycle.