Analysts suggest Bitcoin may be transitioning from acceleration to consolidation phase with softening spot volumes and rising profit-taking.
Bitfinex believes Bitcoin could become range-bound, requiring renewed demand or external catalysts like ETF inflows to fuel another breakout.
Despite the slowdown, analysts are cautiously optimistic due to Bitcoin's structural support and await potential improvement in liquidity conditions for a bullish shift.
The $94K–$99K range is seen as a crucial support zone, with the market currently in a holding pattern for a fresh driver to emerge.