Bitcoin (BTC) Price Testing Liquidity Below $100K Amid Market Uncertainty

Bitcoin continues to lead the market amid volatility and uncertainty, holding strong above crucial demand levels while most altcoins bleed heavily.

Bitcoin price has shown lackluster movement over the past few days, trading in a narrow range as both bulls and bears struggle to gain control. This indecisive price action comes as BTC continues to lead the market amid volatility and uncertainty.

Bitcoin price has experienced stagnant movement over the past few days, trading within a narrow range as both bulls and bears continue to vie for control. This indecisive price action has added to the speculative environment in the market.

CryptoQuant analyst Axel Adler shared on-chain metrics, revealing that the realized price of new whales is around $89.2K. This level serves as the strongest support for Bitcoin's ongoing consolidation phase.

As the dust settles on a turbulent week in the crypto markets, Bitcoin price has remained largely directionless, with both bulls and bears failing to gain a clear upper hand. This indecisive price action has kept traders on the sidelines, awaiting a breakout to determine the next move.

Bitcoin price is trading at $96,250 after several days of range-bound price action between $94,600 and $100,000. Both bulls and bears are struggling to gain control, with bulls failing to push the price above the critical $100K level and bears failing to sustain the price below $95K.

This back-and-forth has created uncertainty around short-term direction, leaving traders and investors on edge. For bulls to reclaim momentum and confirm a short-term reversal, Bitcoin must break above the $98K level and establish it as support.