Bitcoin has maintained its structural uptrend despite a period of consolidation. While price swings grab headlines, market internals indicate preparation for the next phase. CryptoElitz noted on X that overall market liquidity is gradually tightening, and Bitcoin’s share of the crypto market has softened, suggesting funds are rotating between assets rather than exiting. The result is a gradual rotation with the market structure remaining largely intact.
Analysts such as 0xBossman contend that meme coins have formed the most stable corrective pattern in this cycle. Bitcoin’s modest rebound has met quick reactions, yet declines tend to preserve the underlying structure. Investor sentiment across major assets has softened, but meme coins are seen as a leading signal for the next upcycle, according to the analyst. He adds that this progression is more structural than speculative, with many assets potentially unlocking long-term potential around 2026.
On the technical front, trader Ardi highlights that Bitcoin has reclaimed and is holding above the 200-period simple moving average on the 4-hour chart. The 200-SMA has served as a trend filter in this cycle; when it slopes downward, highs are harder to form and downside pressure persists. Reclaiming it does not guarantee a bullish breakout, but it broadens the path for sustained momentum and keeps open the possibility of retesting near $94,500.
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