Bitcoin Price Pinned Below $120K But Analysts Say BTC Upside is Not Over
The post Bitcoin Price Pinned Below $120K But Analysts Say BTC Upside is Not Over appeared on BitcoinEthereumNews.com. Key takeaways: Bitcoin (BTC) remains pinned below $120,000 after reaching a fresh all‑time high near $123,000 last week. As BTC price consolidates, numerous market analysts are convinced that the cycle is not over. Here are the reasons why analysts think that the Bitcoin bull market has not peaked yet. Bitcoin fundamentals remain strong Analytics firm Bitcoin Vector said that although Bitcoin’s momentum has slowed, multiple onchain metrics suggest that Bitcoin’s cycle is not over. “Momentum has cooled, but structure and fundamentals remain solid,” the firm said in a Tuesday post on X, adding: “This isn’t a top. It’s a coiled setup with support beneath it.” Related: New Bitcoin analysis says ‘most explosive phase’ to $140K is close The Bitcoin Fundamental Index (BFI) remains strong, reflecting increasing network growth and liquidity, as shown in the chart below. With BTC price compressed, “fundamentals are pausing, not weakening,” said Bitcoin Vector, adding: “It’s the price that needs to catch up.” Bitcoin fundamentals (Network growth and liquidity). Source: Bitcoin Vector In the short term, buyers could simply be waiting for confirmation of the breakout as Bitcoin plays the “structural anchor” for the whole crypto market, said private wealth manager Swissblock. Bitcoin is holding structure. → Risk is contained. Fundamentals are supportive.→ But momentum is soft. Bulls are cautious.→ Rotation is active. BTC stays the base layer.→ Alts carry the upside torque. This isn’t a top — it’s a transition. — Swissblock (@swissblock__) July 22, 2025 Meanwhile, BTC price is “holding a bullish structure” despite consolidating in a tight range between $116,500 and $120,000 since July 15. Bitcoin Vector added: “No breakdown. No breakout. Just waiting for ignition. Once momentum aligns, the breakout continues.” Bitcoin structure shift and price momentum. Source: Bitcoin Vector Onchain metrics suggest “room for expansion“ Looking at Bitcoin’s short-term holder (STH)…
The post Bitcoin Price Pinned Below $120K But Analysts Say BTC Upside is Not Over appeared on BitcoinEthereumNews.com.
Key takeaways: Bitcoin (BTC) remains pinned below $120,000 after reaching a fresh all‑time high near $123,000 last week. As BTC price consolidates, numerous market analysts are convinced that the cycle is not over. Here are the reasons why analysts think that the Bitcoin bull market has not peaked yet. Bitcoin fundamentals remain strong Analytics firm Bitcoin Vector said that although Bitcoin’s momentum has slowed, multiple onchain metrics suggest that Bitcoin’s cycle is not over. “Momentum has cooled, but structure and fundamentals remain solid,” the firm said in a Tuesday post on X, adding: “This isn’t a top. It’s a coiled setup with support beneath it.” Related: New Bitcoin analysis says ‘most explosive phase’ to $140K is close The Bitcoin Fundamental Index (BFI) remains strong, reflecting increasing network growth and liquidity, as shown in the chart below. With BTC price compressed, “fundamentals are pausing, not weakening,” said Bitcoin Vector, adding: “It’s the price that needs to catch up.” Bitcoin fundamentals (Network growth and liquidity). Source: Bitcoin Vector In the short term, buyers could simply be waiting for confirmation of the breakout as Bitcoin plays the “structural anchor” for the whole crypto market, said private wealth manager Swissblock. Bitcoin is holding structure. → Risk is contained. Fundamentals are supportive.→ But momentum is soft. Bulls are cautious.→ Rotation is active. BTC stays the base layer.→ Alts carry the upside torque. This isn’t a top — it’s a transition. — Swissblock (@swissblock__) July 22, 2025 Meanwhile, BTC price is “holding a bullish structure” despite consolidating in a tight range between $116,500 and $120,000 since July 15. Bitcoin Vector added: “No breakdown. No breakout. Just waiting for ignition. Once momentum aligns, the breakout continues.” Bitcoin structure shift and price momentum. Source: Bitcoin Vector Onchain metrics suggest “room for expansion“ Looking at Bitcoin’s short-term holder (STH)…
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