{"id":127271,"date":"2025-04-16T06:16:13","date_gmt":"2025-04-16T06:16:13","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127271"},"modified":"2025-04-16T06:16:13","modified_gmt":"2025-04-16T06:16:13","slug":"bitcoins-wide-price-range-to-continue-no-longer-a-long-only-bet-analyst","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127271","title":{"rendered":"Bitcoin\u2019s wide price range to continue, no longer a \u2018long only\u2019 bet \u2014 Analyst"},"content":{"rendered":"

Source: Cointelegraph.com NewsBitcoin could be heading into another extended consolidation phase, with short-term indicators suggesting a more bearish outlook, contrary to the broader crypto community\u2019s view, according to the head of research at 10x Research.
\nWhile many crypto analysts predict new Bitcoin (BTC) all-time highs by June, Markus Thielen said in an April 14 markets report that he is skeptical, pointing out that onchain data signals \u201cmore of a bear market environment than a bullish one.\u201d
\nShort-term indicators signal potential market top
\nThielen said the Bitcoin stochastic oscillator \u2014 which compares a particular closing price to a range of prices over a specific period to determine momentum \u2014 shows patterns \u201cmore typical of a market top or late-cycle phase rather than the early stages of a new bull run.\u201d
\nBitcoin is trading at $83,810 at the time of publication. Source: CoinMarketCap\u201cAs a result, short-term signals are not aligning with longer-term indicators, highlighting the disconnect in the market outlook,\u201d Thielen said.
\n\u201cBitcoin is no longer a parabolic \u2018Long-Only\u2019 retail-driven market,\u201d he added, explaining it now \u201cdemands a more sophisticated, finance-oriented approach.\u201d
\n\u201cBitcoin\u2019s rally over the past year hasn\u2019t been driven by typical \u2018crypto-bro\u2019 speculation but by long-term holders seeking diversification and adopting a buy-and-hold strategy,\u201d Thielen said.\u00a0
\nOver the past 12 months, Bitcoin is up 32.80% and is trading at around $83,810 at the time of publication, according to CoinMarketCap.
\nBitcoin price action may repeat 2024 pattern
\nThielen reiterated his stance that Bitcoin may consolidate for an extended period, much like it did in 2024.\u00a0
\n\u201cDespite our cautious optimism, we view Bitcoin as trading within a broad range of $73,000 to $94,000, with a slight upward bias,\u201d he said.
\nIn March 2024, Bitcoin reached its then-all-time high of $73,679 before entering a consolidation phase, swinging within a range of around $20,000 until Donald Trump won the US elections in November.
\nRelated: Bitcoin price recovery could be capped at $90K \u2014 Here\u2019s why
\nMany crypto analysts are eyeing June as the month when Bitcoin could surpass its current all-time high of $109,000, which it reached in January just before Trump\u2019s inauguration.
\nSwan Bitcoin CEO Cory Klippsten told Cointelegraph in early March that \u201cthere\u2019s more than 50% chance we will see all-time highs before the end of June this year.\u201d
\nSharing a similar view, Bitcoin network economist Timothy Peterson and Real Vision chief crypto analyst Jamie Coutts have also marked June as when Bitcoin could reach a new high.
\n\u201cIt is entirely possible Bitcoin could reach a new all-time high before June,\u201d Peterson said.
\nMeanwhile, Coutts said, \u201cThe market may be underestimating how quickly Bitcoin could surge \u2013 potentially hitting new all-time highs before Q2 is out.\u201d
\nMagazine: Riskiest, most \u2018addictive\u2019 crypto game of 2025, PIXEL goes multi-game: Web3 Gamer
\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsBitcoin could be heading into another extended consolidation phase, with short-term indicators suggesting a more bearish outlook, contrary to the broader crypto community\u2019s view, according to the head… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127271"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127271"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127271\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127271"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}