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Bitcoin Stuck Near $90K: Miners Say Don’t Expect a Breakout Yet
Yahoo Finance· 2026-01-12 20:29
Market Overview - Bitcoin price is currently around $90,000, approximately 30% below its October high of $126,000, indicating a standoff between buyers and sellers [1][3] - The market is experiencing a consolidation phase, with Bitcoin trading in a narrow range for about 195 days, marking one of its longest periods of low volatility [3] Influencing Factors - Major Bitcoin mining firm BitRiver has indicated that prices may remain flat due to external factors such as tight interest rates and geopolitical tensions, which are driving investors towards safer assets like gold [1][5] - Institutional investors have withdrawn significant amounts from spot Bitcoin ETFs, with $1.37 billion leaving between January 6 and 9, contributing to the lack of price momentum [3] Historical Context - Historically, long periods of market stagnation for Bitcoin have preceded significant rallies, as seen in past cycles from 2013, 2017, and 2021 [4] - On-chain data suggests reduced panic selling and less forced liquidation, indicating a more patient market rather than one in collapse [6] Future Outlook - Some analysts maintain a bullish outlook, suggesting that Bitcoin could benefit from a weakening U.S. dollar or a return of institutional investments through spot Bitcoin ETFs [7] - A London-based crypto group predicts a strong price movement for Bitcoin later in 2026, although the current market conditions are not favorable for quick profits [7]
Stock Market Today, Dec. 26: S&P Notches New High As Investors Digest Nvidia-Groq Deal
The Motley Fool· 2025-12-26 22:29
Market Performance - The S&P 500 reached a new intraday high but slipped 0.03% to 6,929.94, while the Nasdaq Composite eased 0.09% to 23,593.10, and the Dow Jones Industrial Average edged down 0.04% to 48,710.96 in thin post-Christmas trading [1] - The S&P 500 is up 2.3% for the week, leading to discussions about a potential end-of-year rally or a consolidation phase [3] Company News - Nvidia's stock increased by 1.02% following its announcement of a $20 billion asset acquisition from AI startup Groq, highlighting continued investor interest in AI-driven companies [2][4] - Other materials companies like Freeport-McMoRan and Southern Copper saw gains, contrasting with a nearly 6% loss from Standard Lithium, indicating significant market divergences related to the precious metals rally [2] Commodity Trends - Gold prices reached nearly $4,550 per ounce, while silver surpassed $77 per ounce, driven by ongoing geopolitical tensions and increased investor interest in these safe-haven assets [4]
X @The Block
The Block· 2025-12-23 15:59
2025 pushed Ethereum’s Layer 2 ecosystem into its consolidation phase, with liquidity, users, and activity concentrating around a small number of dominant networks.Here are 6 major Layer 2 trends in 2025 🧵👇 https://t.co/KGdvJKVlpm ...
X @Ash Crypto
Ash Crypto· 2025-07-21 09:04
Market Analysis & Prediction - Bitcoin is trading sideways between $116,000 and $120,000, indicating strong bull control [1] - The consolidation phase could trigger a breakout towards $175,000-$200,000 in the next 5-6 months, similar to patterns observed in 2017 and 2021 [1] - Short-term volatility is likely, but Bitcoin and U S markets remain extremely bullish for the next 6-9 months, with any panic potentially representing a major buying opportunity [2] Technical Indicators - RSI has reached 71%, indicating overbought territory, but could reach 85-90 levels in parabolic phases [2] - MACD is still strong, indicating continued momentum [3] - Resistance is projected at $125,000 based on Head and Shoulders pattern target [3] - Support levels are identified at $116,000 and $110,000 [3] Macroeconomic Factors - The "Big Beautiful Bill" signed by Trump is expected to inject massive liquidity into the market [4] - Markets have absorbed multiple war-related shocks and are still at All-Time Highs (ATH) [4] - Anticipation of 3-4 rate cuts of 25 basis points each (0 25%) over the next 6 FOMC meetings [4] - Global M2 money supply is rising again [4]