After a temporary pause and a slight correction that has seen it drop 8% and settle below its recent all-time highs, Bitcoin is in a phase of strategic consolidation. Far from being a sign of weakness, this adjustment is a natural and often necessary part of market cycles. CryptoQuant analysts point out that demand metrics, although they have peaked in the short term, show robust growth that heralds renewed momentum.
CryptoQuant's estimate of Bitcoin demand growth over the last 30 days amounts to 229,000 BTC, a figure close to the 279,000 BTC recorded in December 2024. This sustained interest and accumulation by investors suggest that while the price may experience a momentary fluctuation below USD 100,000, the foundation for the next bullish leg is strengthening.
The current resistance is simply an opportunity for the market to recalibrate before embarking on its next exciting phase of growth. Stay tuned, as Bitcoin's journey is just beginning!