Bitcoin News Today: Bitcoin Trapped in $115,724-$122,077 Range as Market Awaits Next Move

Bitcoin remains in a state of consolidation, with price action confined between key support and resistance levels for over two weeks. The market appears to be in a neutral phase, according to the Bitcoin Heat Macro Phase, a metric developed by analyst Axel Adler that aggregates several key indicators into one scalar value [1]. Currently at 44%, the reading places the market between overbought and undervalued conditions, suggesting neither accumulation nor distribution is dominant. Profit-taking has begun to increase slightly but remains within moderate levels, and there is no significant pressure from long-term holders or ETF inflows to tip the balance [2].

This neutrality is reflected in BTC’s recent price behavior, as it hovers near $118,269.81, bounded by resistance at $122,077 and support at $115,724. The lack of directional movement has created a state of indecision among market participants, with neither bulls nor bears gaining control [3]. Meanwhile, the 50, 100, and 200-period SMAs remain in an upward trajectory, offering dynamic support above $116,342. However, the sharp decline in volume indicates a lack of conviction on either side, further reinforcing the expectation of an impending breakout or breakdown [4].

According to analysts, the current structure suggests that a major move is on the horizon. A decisive break above $122,000 with strong volume could signal a resumption of the upward trend and potentially lead to new all-time highs. Conversely, a breakdown below the $115,000 level would invalidate the current consolidation pattern and open the door to a deeper correction. With volatility compressed and market participants closely watching for a catalyst, the coming days will play a key role in shaping the next phase of Bitcoin’s price movement [5].

The Bitcoin Heat Macro Phase, as a market barometer, continues to serve as a useful tool in gauging the overall sentiment of the crypto market. As the market remains in a wait-and-see mode, investors are advised to remain patient and monitor price action closely for signs of the next significant move.

Source:

[1] Bitcoin Heat Macro Phase Signals Market Sits Between Accumulation And Distribution. (2025). [https://www.newsbtc.com/bitcoin-news/bitcoin-heat-macro-phase-signals-market-sits-between-accumulation-and-distribution/](https://www.newsbtc.com/bitcoin-news/bitcoin-heat-macro-phase-signals-market-sits-between-accumulation-and-distribution/)