Bitcoin's recent pullback tells an interesting story. After testing the $98K resistance zone, BTC has settled back into the low-$90K range, giving traders a moment to catch their breath. But here's what matters: momentum hasn't collapsed. It's cooling, sure, but still hovering above neutral territory—which is the key distinction. This isn't a trend reversal in the making; it's consolidation. The market is essentially taking a breather, digesting gains, and gathering strength before the next move. For now, watch how price behaves around these mid-$90K levels. Holding here would suggest the uptrend remains intact, just in a sideways phase rather than continuous upward momentum.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
8 Likes
Reward
8
3
Repost
Share
Comment
0/400
RugPullSurvivor
· 01-20 02:45
The 90,000 yuan level just hasn't been broken, alright, I believe you guys are accumulating strength.
View OriginalReply0
PermabullPete
· 01-20 02:42
The flexibility is still there; this wave is just building up momentum.
View OriginalReply0
StablecoinArbitrageur
· 01-20 02:16
ngl the mid-$90k consolidation is *chef's kiss* for basis point hunters like us. classic setup before institutional reaccumulation kicks in.
Bitcoin's recent pullback tells an interesting story. After testing the $98K resistance zone, BTC has settled back into the low-$90K range, giving traders a moment to catch their breath. But here's what matters: momentum hasn't collapsed. It's cooling, sure, but still hovering above neutral territory—which is the key distinction. This isn't a trend reversal in the making; it's consolidation. The market is essentially taking a breather, digesting gains, and gathering strength before the next move. For now, watch how price behaves around these mid-$90K levels. Holding here would suggest the uptrend remains intact, just in a sideways phase rather than continuous upward momentum.