Bitcoin (BTC) failed to maintain above $94,050 (approximately 139.1 million KRW), and selling pressure has increased again. This has raised the possibility of a further decline to $87,700 (approximately 129.63 million KRW), or even $84,000 (approximately 124.11 million KRW) in the short term.
Currently, Bitcoin is consolidating in a narrow range between $94,588 (approximately 140.02 million KRW) and $89,260 (approximately 131.82 million KRW), with market sentiment struggling to determine a direction. In particular, the predicted market assessment of Bitcoin breaking through $100,000 (approximately 147.75 million KRW) before the end of the year is only about 30%, and expectations for a shift to a bull market are low.
Cryptocurrency analyst Darkfost pointed out: "Despite changes in Federal Reserve policy, Bitcoin has failed to rebound elastically." He attributes this context to "insufficient stablecoin inflows." Analysis suggests that without new liquidity entering the market as a whole, a real upward trend will be difficult to achieve.
This sign is also seen in the altcoin market. Major leading altcoins like Cardano (ADA), Dogecoin (DOGE), Polkadot (DOT), and Avalanche (AVAX) are also under bearish pressure, threatening recent lows. This is directly related to the liquidity stagnation in the entire cryptocurrency market.
Bitcoin, unable to find rebound momentum immediately, is focusing on defending the core price range, which may chain-delay the breakthrough of $100,000. For the market to re-enter a substantial upward trajectory, the inflow of new funds is essential, and the stable recovery of the stablecoin market is becoming a highlighted condition.
Article Summary by TokenPost.ai
🔎 Market Interpretation
Bitcoin remains in a neutral range amid liquidity stagnation, and the assessment of the market's likelihood of turning bullish before the end of the year is also low.
💡 Strategy Highlights
Traders need to adopt a conservative strategy in the short term and monitor whether important support zones will be breached. The movement of new inflows is a prerequisite for a rebound.
📘 Terminology Explanation
Stablecoin: A cryptocurrency pegged to the value of fiat currencies like the US dollar, used as supplementary trading funds in exchanges, DeFi, and other scenarios.
Prediction Market: A system where market participants invest by assessing the probabilities of future events, which can infer market expectation sentiment through prices.
TP AI Notes
This article uses a language model based on TokenPost.ai for summarization. The main content of the text may be omitted or deviate from the facts.
