Bitcoin Pauses Below $110K as Analysts Eye Consolidation Phase

Bitcoin is facing strong headwinds just shy of its all-time high, with analysts at Swissblock warning that a breakout may be off the table—at least for now.

According to the firm, BTC appears stuck between the $100,000 floor and a resistance zone just under $110,000. They describe the current price action as a “stall,” adding that any move beyond the current range will require a fresh surge in fundamental momentum.

At the time of writing, Bitcoin is trading around $104,447—about 7% beneath last month’s peak near $112,000.

No Clear Breakout Without Fuel

Swissblock cautioned earlier this week that the lack of new capital entering the market raises the risk of a double-top formation, a technical pattern that often signals an impending reversal.

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In parallel, a joint report with analyst Willy Woo, titled Bitcoin Vector, showed that while transaction volumes and liquidity are sliding, the network remains fundamentally stable.

The report highlighted three main takeaways:

• Liquidity has dipped, with fewer transactions and lower volume.
• Despite this, network activity has held steady, suggesting user confidence remains intact.
• Profit-taking remains limited, meaning sellers aren’t flooding the market.

This combination, according to Swissblock and Woo, suggests that while Bitcoin might remain rangebound for now, a sharp decline is unlikely—at least until sentiment or fundamentals shift more significantly.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.