Bitcoin is consolidating above the $100,000 psychological threshold, showing signs of base-building that could precede a significant price rally. Market analysts attribute this stability to reduced selling pressure on exchanges and robust demand from long-term holders.
The cryptocurrency has been trading within a tight range between $104,800 and $110,500, supported by decreased exchange-directed liquidity. A bullish breaker block at $104,800 provides technical reinforcement to this consolidation zone.
Stablecoin inflows to centralized exchanges have declined sharply, signaling reduced selling pressure and cooling bullish momentum. This trend indicates holders are retaining assets rather than seeking immediate liquidation.
Simultaneously, accumulator addresses—wallets associated with long-term holding strategies—are steadily increasing. These entities accumulate Bitcoin without immediate selling intentions, reinforcing the $100,000 price floor.
Technical indicators highlight $104,200 and $102,500 as critical support levels. Sustained consolidation above these thresholds could catalyze a breakout. Current market dynamics, including strong holder demand and low exchange selling, suggest an upward rally may follow this base-building phase.