Over the last three trading sessions, BTC has shown a variation of just under 2% — a relatively modest move compared to the cryptocurrency’s usual volatility. This reflects that confidence in the crypto market remains in neutral territory in the short term. Investors are focused on upcoming U.S. inflation data, which could directly influence the Federal Reserve’s decisions regarding the broader economy. In this environment, Bitcoin appears to be in a wait-and-see phase, holding steady while awaiting a fundamental catalyst that could trigger consistent directional moves. For now, neutrality dominates as the market looks ahead to this week’s macroeconomic releases.
Renewed Sideways Action
The absence of significant price swings in recent sessions has started to shape a short-term sideways range, with resistance near $113,000 per BTC and support around $106,000. Recent fluctuations have not been strong enough to break this formation, making it the most important technical structure to watch in the near term. As long as this lateral range holds, Bitcoin is likely to remain neutral without showing clear breakout signals.
Technical Indicators
RSI: The RSI line is edging closer to the neutral 50 level, signaling an equilibrium between bullish and bearish impulses. This reinforces the prevailing neutral stance in the short term.
MACD: A similar scenario is visible in the MACD, with the histogram hovering near the 0 line. This suggests that the strength of short-term moving averages is balanced, further highlighting the lack of clear market direction.
Key Levels to Watch:
Written by Julian Pineda, CFA – Market Analyst
