Bitcoin today:
consolidation, caution, and mixed signals in the crypto market
Bitcoin begins the week with a slight correction, trading around $105,200 USD and currently at $104,470 USD, after having recovered the psychological level of $100,000 last Friday. The drop of 0.94% reflects a market oscillating between institutional optimism and retail caution.
- Partial recovery: October closed with a surge that took BTC above $120,000, but November's liquidations brought it back to more conservative levels.
- Key supports: Technical analysts point to support zones between $88,000 and $95,000 USD, while the current price remains in a consolidation phase.
- Institutional activity: #ETFs of Bitcoin cash have recorded net inflows, suggesting long-term confidence.
- Retail caution: Although there is a gradual return of small investors, many are still watching from the sidelines, attentive to volatility.
- Firm hodlers: The liquid supply is decreasing as long-term holders maintain their positions, strengthening the fundamentals.
- Bank of America positions Bitcoin as one of the three most disruptive technologies of the millennium, alongside AI and quantum computing.
- European regulation: The EU is considering creating a regulatory body similar to the SEC to oversee crypto assets, which could redefine the legal framework of the sector.
- Ripple launches brokerage platform for digital assets, expanding competition in the blockchain ecosystem.
📈 What to expect?
#bitcoin is in a transition zone. If support holds, we could see a new bullish phase driven by institutional adoption and renewed interest. However, volatility remains high, and the coming days will be key to defining the market direction.
Are you planning to buy?
Do those who already have it plan to sell?
What will come next?
