Bitcoin stagnates as traders await fresh catalysts
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Bitcoin Drifts Sideways Amid Lack of Market-Moving News
Bitcoin continues its low-volatility consolidation phase, trading near $97,000 as the crypto market enters a quiet week with no major scheduled events. The lack of significant news flow has left BTC drifting in a narrow range, frustrating traders looking for a fresh catalyst to reignite momentum. Over the past few weeks, Bitcoin has retraced 11% from its all-time high of $109,000, set in January during the post-election rally. With the initial hype fading, the market is searching for direction, but so far, no immediate triggers are on the horizon.
What’s on the Calendar for Bitcoin This Week?
This week is light on major macroeconomic events, meaning BTC is likely to continue its range-bound trading unless an unexpected development emerges. The most significant scheduled event is Wednesday’s release of the Federal Reserve’s meeting minutes, which could provide insights into policymakers’ stance on future rate cuts. Any indication that the Fed may delay easing monetary policy could weigh on risk assets, including crypto. Additionally, markets are keeping an eye on Donald Trump and Elon Musk’s upcoming interview, set to air on February 18. While it’s unlikely to be a direct catalyst for BTC, their discussion on tariffs, economic policy, and financial markets could influence broader investor sentiment.
Technical Outlook: Key Levels to Watch
Bitcoin remains range-bound, with key resistance at $100,500-$102,000, which needs to be broken for a renewed uptrend. On the downside, support sits at $94,500, with a deeper retracement possible toward $91,000 if selling pressure intensifies. The Relative Strength Index (RSI) is neutral, signaling a lack of momentum in either direction. For now, Bitcoin remains in consolidation mode, with traders awaiting a clear breakout catalyst.
Outlook: What’s Next for BTC?
Without a major shift in macro sentiment or a fresh demand driver, Bitcoin could continue consolidating between $94,500 and $102,000. The market will likely need new institutional inflows, ETF-driven accumulation, or a shift in the Fed’s rate outlook to break out of its current range.
Bitcoin continues its low-volatility consolidation phase, trading near $97,000 as the crypto market enters a quiet week with no major scheduled events. The lack of significant news flow has left BTC drifting in a narrow range, frustrating traders looking for a fresh catalyst to reignite momentum. Over the past few weeks, Bitcoin has retraced 11% from its all-time high of $109,000, set in January during the post-election rally. With the initial hype fading, the market is searching for direction, but so far, no immediate triggers are on the horizon.
What’s on the Calendar for Bitcoin This Week?
This week is light on major macroeconomic events, meaning BTC is likely to continue its range-bound trading unless an unexpected development emerges. The most significant scheduled event is Wednesday’s release of the Federal Reserve’s meeting minutes, which could provide insights into policymakers’ stance on future rate cuts. Any indication that the Fed may delay easing monetary policy could weigh on risk assets, including crypto. Additionally, markets are keeping an eye on Donald Trump and Elon Musk’s upcoming interview, set to air on February 18. While it’s unlikely to be a direct catalyst for BTC, their discussion on tariffs, economic policy, and financial markets could influence broader investor sentiment.
Technical Outlook: Key Levels to Watch
Bitcoin remains range-bound, with key resistance at $100,500-$102,000, which needs to be broken for a renewed uptrend. On the downside, support sits at $94,500, with a deeper retracement possible toward $91,000 if selling pressure intensifies. The Relative Strength Index (RSI) is neutral, signaling a lack of momentum in either direction. For now, Bitcoin remains in consolidation mode, with traders awaiting a clear breakout catalyst.
Outlook: What’s Next for BTC?
Without a major shift in macro sentiment or a fresh demand driver, Bitcoin could continue consolidating between $94,500 and $102,000. The market will likely need new institutional inflows, ETF-driven accumulation, or a shift in the Fed’s rate outlook to break out of its current range.