For the past few weeks, Bitcoin has seemed to hit a growth plateau. It’s been stuck around the $100,000 mark without making any significant moves. There hasn’t been a clear upward surge, nor a sharp drop—just… nothing.
Meanwhile, we’re still waiting for the much-anticipated altcoin season, the period when alternative cryptocurrencies typically explode in value, but it seems as delayed as a regional train. With mixed technical signals and a sluggish market dynamic, it’s time to take stock.
The Bullish Momentum of Bitcoin Under Pressure
On-chain signals—technical indicators that help analyze the market—are not presenting a particularly optimistic picture right now. The IBCI (Bitcoin Cycle Indicators Index) has fallen into what’s known as the distribution zone.
What does that mean? It suggests that large investors may be starting to sell their Bitcoin, signaling that we might be nearing the end of this bullish cycle.
Metrics like the Puell Multiple, which measures miners’ profitability, or the SOPR, which tracks transaction profits, indicate that there’s still some room for growth, but not much.
When you combine these signals with the current trading volumes, which aren’t exactly impressive, it creates a mix that leans more toward caution than euphoria. Yes, Bitcoin might climb a little more, but history reminds us that when the IBCI hits this zone, a correction isn’t far off.
What are the Predictions for 2025?
Everyone’s dreaming of Bitcoin reaching $150,000 in the next two years, and honestly, there are solid arguments to support this. Long-term investors—those who have held their Bitcoin for a long time—continue to accumulate without panicking, showing their confidence.
Meanwhile, short-term investors (STHs) are jumping on every rise, driven by the fear of missing out (FOMO).
But on the flip side, we have strong technical resistances, like the $107,000 barrier, which refuses to break, and predictions of a correction that could bring Bitcoin back to around $90,000.
In short, the market is on a tightrope: it could surge or plummet, but one thing’s for sure—it won’t stay calm forever.
The Delayed Altcoin Season: Where Are the Alternative Cryptos?
Ah, the altcoin season. That magical time when alternative cryptocurrencies steal the spotlight from Bitcoin. But this year, it’s noticeably absent. Why? First, because all the money is still concentrated in Bitcoin.
Investors are cautious, and altcoins are only getting crumbs. Moreover, there hasn’t been a truly revolutionary new cryptocurrency to capture attention. With the global economy still reeling from inflation, many prefer to stick with safer bets.
That said, altcoin projects are far from dead. When the market eventually wakes up, there will be opportunities. One notable example is Best Wallet—a simple, secure tool to protect your crypto investments.
Disclaimer: Crypto assets are a risky investment.
What Does This Mean for Investors?
We’re in a phase where the market feels “flat,” but often, this is when the real strategies come to the forefront. Long-term investors continue to accumulate quietly during dips, confident that Bitcoin will eventually rise again (spoiler: it always has, so far).
Short-term traders, on the other hand, are playing the volatility game: they’re watching levels like support at $99,500 and resistance at $107,000, aiming for quick gains. But whatever your strategy, having access to the best crypto platform is essential to manage your positions and stay in the game.
In Summary:
This seemingly boring market is just a lull before the storm. The key is to be prepared for either a rise or a fall.
