Alex Dudov
⬤ Bitcoin is settling into a consolidation phase after a powerful rally that pushed prices sharply from lower levels into the mid-five-figure range. The weekly chart shows BTC trading below its 2025 high near $125,000, with current prices stabilizing around the mid-$90,000 level. This pause follows a sustained advance and reflects healthy price digestion rather than any real shift in trend.
⬤ The chart shows a clear pattern of higher highs and higher lows leading into the recent peak, followed by an orderly pullback. Bitcoin is now compressing within a defined range, holding above a marked mid-range support zone that's successfully limited downside movement so far—suggesting buyers are still defending higher levels after the rally. Trading volume has also cooled compared to the earlier impulse leg, which fits typical consolidation behavior on longer timeframes.
⬤ Looking at the broader market, current price action points to rotation rather than weakness. While Bitcoin remains range-bound below resistance, relative strength has started showing up in Ethereum and select altcoins. This pattern has historically appeared when BTC pauses after a strong directional move, giving other parts of the crypto market room to build momentum.
⬤ This consolidation matters for overall market structure because holding above former resistance can reinforce longer-term trend stability. If Bitcoin continues respecting the mid-range support zone, the upward structure stays intact while price absorbs recent gains. A sustained break below this level would shift focus toward lower support areas, but right now the price action reflects balance and controlled consolidation following the recent advance.
Alex Dudov
