Bitcoin (BTC) Cycle Still Intact Despite Volatility, Altcoin Market Cap Looks Promising: Analyst

Bitcoin is still looking strong, inching up week by week, but bulls are finding it tough to push prices higher. The current market has been choppy, and many calling it a “no trade zone” until a clear breakout happens.

Bitcoin price analysis: BTC bulls struggle to push prices higher, key levels to watch

Bitcoin price has been inching up slowly over the past few weeks, but bulls are finding it difficult to push prices any higher. The current market has been choppy, with many calling it a “no trade zone” until a clear breakout happens.

According to an analyst, to trigger the next big move, bulls need to break out of the top of the current range, around $104K. If this plays out, it could fire up bullish momentum and start off a major price increase.

Bitcoin price faces resistance at $97-$100K, bears could take over

However, Bitcoin has faced repeated strong rejections around the $97K-$100K price range. A promising push was stopped in its tracks when the unfortunate Bybit hack news hit the wires, putting a floor on any weekend price action.

But Bitcoin may get back on course with its uptrend and target the $102K-$103K range. If Bitcoin fails to break higher soon, the tables could turn in favor of the bears, potentially leading to a price drop into the $83K range.

Bitcoin cycle still on track despite price volatility

Despite some variance, the current Bitcoin cycle is still following a pattern that we’ve seen in past bull runs, such as those in 2017 and 2021.

While there might be some volatility, the general direction points toward the cycle being far from over. If BTC manages to hold onto key support levels, the trend will likely continue. For now, everything seems to be going as expected based on previous market cycles. Moving forward, Bitcoin could catch up, especially if gold starts to pull back.

Samson Mow sees $1 million Bitcoin ahead, calls out Ripple and Solana for over inflated prices

Bitcoin dominance remains a key factor in how the market is shaping up, as its rise is putting pressure on altcoins. The broader trend points toward Bitcoin’s strength continuing, which could further impact altcoin performance.

Altcoin market cap showing ‘promising’ upside — Analyst

On a brighter note, according to analyst Michael van de Poppe, the altcoin market capitalization is looking promising for an upward continuation. If it sustains above $750 billion, the market could be gearing up for the next big impulse.

Currently, altcoins are in a “depression stage,” with the bull run yet to begin.

Altcoin season watch: Bitcoin dominance holds, but breakout signals flash

The market is on the verge of a breakout as factors like money supply, yields, and institutional inflows are moving in the right direction.

The abovementioned points have been excerpted from separate articles and do not form a continuous narrative. Coin Telegraph and Coin Edition covered the Bitcoin and altcoin market analysis, respectively.