Bitcoin News: Consolidation Phase Continues, Potential for Liquidation Cascades Looms

Bitcoin price has been consolidating between $94,000 and $100,000 for two weeks, with volatility reaching multi-month lows. market indicators are moving to areas unseen since before the US Presidential election, raising concerns of potential liquidation cascades.

Bitcoin Price Forecast: BTC Volatility Hits Multi-Month Lows

Bitcoin (BTC) price has been consolidating between $94,000 and $100,000 for two weeks, with volatility reaching multi-month lows. This raises concerns of potential liquidation cascades. A K33 report highlights various market indicators moving to areas not seen since before the US Presidential election in November.

Bitcoin Faces Bearish Pressure as MACD Histogram Turns Negative

Bitcoin [BTC] has been under pressure recently due to a large long liquidation cluster sitting below the current price, which has been pulling the cryptocurrency lower. The MACD histogram has turned negative, indicating increased downward momentum. The RSI is currently at 43.21, approaching the oversold region, suggesting weakening bullish sentiment and the possibility of further declines.

Bitcoin Celebrates Trillion Dollar Anniversary But Remains Below $100,000

On this day in 2021, Bitcoin’s market capitalization surpassed $1 trillion for the first time, nearly doubling to $1.9 trillion since then. However, as the market commemorates this milestone, Bitcoin’s price remains below $100,000 due to a relative balance between bullish and bearish pressure. Technical and on-chain data suggest an extended stay below this critical price point.

Institutional Ownership of Bitcoin ETFs Surges, Retail Investors Left Behind

Professional investors have significantly increased their ownership of Bitcoin ETF assets in the last quarter of 2024, while retail investors sold more BTC than they bought. According to asset manager Bitwise, institutions now own 28% of Bitcoin ETF assets, worth $38.7 billion, up from 17% in Q3 2024. The trend suggests that institutional investors are increasingly seeing Bitcoin as a valuable asset class, while retail investors may be losing interest. The CIO of Bitwise predicts that institutional ownership could surge to 40% by the end of 2025.

Cryptocurrency: 3 Coins That Can Either Make Or Break One’s Portfolio

The cryptocurrency market shows heavy volatility, with Bitcoin touching $95K in a price downswing. Investors are stashing the dips, hoping for a sharp return. Here are three coins with potential to impact portfolios: Bitcoin (BTC), [potentially other coins mentioned in the article, like ETH or another significant coin discussed].