🚨 Why Is Bitcoin Stuck Between $100K–$110K? What's Holding It Back?
Bitcoin (BTC) has been trading sideways, trapped in a narrow range between $100,000 and $110,000 since June 23. While traders eagerly await a breakout, BTC seems to have hit a wall. So, what’s going on?
💬 Market analysts from Bitfinex believe the problem lies in weak investor confidence. With no new bullish catalysts or macroeconomic signals, traders are hesitant to push prices past the previous all-time high of $111,900. The bullish momentum that once fueled Bitcoin’s rise has cooled down — for now.
🛑 “We’re seeing profit-taking and hesitation,” Bitfinex said. Buyers are cautious, and without fresh energy in the market, BTC lacks the strength to move higher.
📉 FxPro’s Alex Kuptsikevich, speaking to CoinDesk, echoed these concerns. He explained that strong resistance around $110,000 is proving tough to crack. Selling pressure has increased, and Bitcoin is struggling to hold above this key level.
📊 Despite this, Bitcoin still trades above its 200-day moving average — a classic bull market indicator. But Kuptsikevich warned that if the market turns even slightly bearish, a wave of rapid profit-taking could push prices down sharply.
⚠️ In short, BTC is caught between cautious bulls and profit-hungry sellers. Until a major catalyst arrives — like ETF news, macroeconomic shifts, or a whale-driven push — Bitcoin might continue to drift in this tight band.
Bottom Line: Bitcoin is still in a bull market, but the fuel is running low. For now, it’s a game of patience.
🧐 Next Move? Watch for volume spikes, macro news, or key resistance flips — they could set the next trend.
