Bitcoin (BTC) has been moving within a limited price fork since January 16 and is unable to break through the $ 110,000 limit. The cryptomarkt seems to be awaiting clarity, especially about macro-economic developments. The price fluctuates between $ 106,150 and $ 99,700, with various factors slowing down the demand for BTC and keeping the volatility low.
Uncertainty about the Fed interest rate decision keeps the market in tension
One of the main reasons for stagnation is the uncertainty surrounding the upcoming interest rate decision of the Federal Reserve, which is expected later today. Investors hold the breath because interest developments have a direct impact on the attractiveness of risky assets such as Bitcoin.
If the FED decides to increase interest rates or holds aggressive monetary policy, it could strengthen the dollar and push investors towards traditional markets, which turns out to be negative for Bitcoin. A Dovish Toon, on the other hand – in which the central bank indicates that interest rates are ahead – could actually turn out positively for Crypto.
According to the CME Fedwatch Tool, the chance of interest enforcement is currently 97.3%, which means that the market does not immediately expect major surprises. Yet the uncertainty remains and that inhibits the activity in the cryptomarket.
Falling demand from retail investors presses the price
In addition to macro-economic factors, the demand from private investors also seems to be declining. Data from Cryptoquant shows that the 30 -day change in retail demand has fallen from +31.75% in mid -December to -13% now. This level was last reached in May 2021, a period in which Bitcoin consolidated for a long time between $ 31,600 and $ 40,000.
The decrease in question suggests that many smaller investors reduce or wait for their positions before they board again. This creates less purchasing pressure, which makes it more difficult for Bitcoin to break through crucial resistance.
$ 103,000 remains crucial resistance level
Technically, $ 103,000 is an important level. After the launch of Deepseek AI on January 27, Bitcoin descended under this psychological point, which has since acted as resistance. Analysts such as Mark Cullen indicate that the rate must first exceed $ 103,000 before a further increase is possible.
As long as that does not happen, there is a risk that BTC will drop again towards $ 98,000 or lower. In addition, order book data from Material Indicators suggests that large investors – the so -called Whales – may keep the price consciously lower to buy more cheaply. There is a “pray ladder” between $ 95,500 and $ 101,500, which indicates that buying orders are ready at these levels.
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Source: https://newsbit.nl/bitcoin-blijft-hangen-boven-100k-door-onzekerheid-en-zwakke-vraag/
