Bitcoin (BTC) remains steady near $89,600 amid a market showing mixed signals. While traditional small-cap stocks rally, BTC’s consolidation signals cautious sentiment. Analysts have pointed out that the short-term market trend of BTC is influenced by liquidity, but the halving cycle will fuel future growth.
Currently, Bitcoin is trading at $89,643, indicating a slight increase of 0.06% over the last 24 hours. The daily trading volume of Bitcoin is $53.30 billion, with a total market capitalization of $1.79 trillion and a market dominance of 59.38%, indicating its dominance in the crypto market.
Analysts have observed that the current BTC price consolidation is different from previous consolidations, including August 2024 and March 2025. According to crypto analyst Altcoin Sherpa, the 100-day and 200-day exponential moving averages are still slightly extended.
This indicates that the market is likely to experience a springtime rally after some more sideways action and the development of a larger support base.
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In the past three months, the traditional markets like the Russell 2000 have been steadily going up, while Bitcoin has been trending downwards. Unlike the previous rallies that were focused on the Nasdaq, the Russell 2000 is comprised of 2,000 small firms that are reacting to liquidity and the anticipation of a relaxed credit environment.
Despite this, Bitcoin’s price remains subdued. It has been observed that the price of BTC is influenced by two major factors, the four-year halving cycle and global liquidity.
Although the halving cycle is a supportive factor for the growth of Bitcoin, liquidity has a major impact on the short-term performance of the cryptocurrency. The current market is experiencing a conservative phase for Bitcoin.
However, there may still be some short-term rallies or selective gains in certain altcoins, just like what happened in the previous bear markets. This phase may be the precursor to a stronger rally once the market liquidity improves and Bitcoin finishes its consolidation phase.
Market analysts believe that the coming months will require patience. The interplay of halving and easing of financial conditions could set the tone for Bitcoin’s performance in 2026, providing opportunities for well-planned trades in both BTC and alternative coins.
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