Analysts warn rally nears resistance, risking macro lower high
Bitcoin jumps into 2024 supply. Analysts flag a macro pivot.
Bitcoin rallied into a heavy 2024 range. The move follows weeks of choppy trading on X.
Analyst Ardi calls this a macro lower high. He notes the longest consolidation of the 2021–2025 cycle. It ran ~259 days, March to November 2024 source. Most volume and positions sat there. Liquidity still sits in that zone NewsBTC.
He sees the pullback as textbook. A bounce here was likely. The area was the base for the run toward $126,000 NewsBTC. First attempt should meet resistance Ardi.
Trader Bobby A sees the “pain trade” up. He expects a fast leg toward low six figures on X. Then a long range to cool momentum NewsBTC.
He maps a multi‑month box. Price between $80,000 and $100,000. Many may still bet on a break below January lows. That breakdown may not come NewsBTC.
Key levels to watch:
- 259‑day 2024 range Ardi
- $80,000–$100,000 consolidation NewsBTC
- $126,000 upside region NewsBTC
