Bitcoin Stuck in Tight Range as Investors Await Catalyst
Monday, Feb 17, 2025 9:37 am ET
1min read Bitcoin (BTC) has been trading in a tight range between $94,000 and $99,000 over the past week, with investors adopting a cautious stance as they await the next catalyst to drive price action. The leading cryptocurrency has been stuck in a consolidation phase for weeks, with the price struggling to break above the $100,000 mark.
The Bitcoin blockchain has witnessed a significant decline in transaction activity this year, with daily transfer volumes dropping substantially from the record-breaking levels seen in 2024. Factors contributing to this decline include the reduced presence of Ordinals and Runes, as well as a decrease in fund transfers on the Bitcoin blockchain. Many BTC holders are waiting for favorable transactions, while exchanges are bunching payments into batch transactions, and custodians are controlling vast reserves of BTC that remain untouched.
Bitcoin analyst PlanB has revealed that he has moved his BTC holdings into spot Bitcoin ETFs, citing the desire to manage his holdings more traditionally and eliminate the complexities associated with holding his own wallet keys. However, the Bitcoin community has criticized this decision, arguing that holding one's own keys is the best way to ensure the security of BTC holdings.
Bitcoin's price action has been influenced by various factors, including geopolitical tensions and the potential for higher interest rates. Investors are concerned about the possibility of a trade war between the US and China, which could lead to market volatility and higher inflation. Additionally, the Federal Reserve's hawkish stance has contributed to the underperformance of risk assets, including BTC.
Over the past week, BTC has traded between $94,000 and $98,000, with sellers maintaining control for most of the period. Buyers attempted a recovery on Thursday and Friday, but these efforts were unsuccessful, and BTC fell back into bearish territory. Price action was muted over the weekend, with BTC dropping to a low of $94,836 on Sunday. The week started positively, with BTC registering an increase of 0.98% and settling at $97,468. However, sellers took control on Tuesday, and the price dropped nearly 2% to $95,800.
BTC fell to an intraday low of $94,118 on Wednesday
Comments
Book_Dragon_24
05/16
$META should hit $638 again today
Icy-Waltz7111
05/16
$META 5/23 $655c
Outrageous-Lab2721
05/16
$META 888+ upgrade Buy now and hold
cheesycrustz
05/16
@Outrageous-Lab2721 How long you planning to hold $META? Curious if you're thinking short-term flip or long-term stack.
SeeTheExpanse
05/16
@Outrageous-Lab2721 I had $META in my portfolio last year, sold too early, man. Regretting now with all this speculation.
Defeat3r
05/16
$NKE buy this one and it'll be 200 next year just like META and Netflix
Masala-Papad
05/16
$META
TheLastMemeLeft
05/16
@Masala-Papad How long you holding $META? Got any targets in mind?
Tree_640
05/16
Damn!!The META stock was in an easy trading mode with Premium tools, and I made $488 from it!
Wakawifi101
05/16
@Tree_640 How long were you holding META before selling?
Saint_Bernardusz
04/26
Holy!I profited significantly from the signal generated by VALN stock.
moh1111
05/12
MLYS is like a high-stakes poker game where the ante is your investment and the payout is a biotech jackpot. But remember, even the best players can hit a bad beat. While the potential upside is thrilling, the risks are as real as a bad hand. So, invest wisely, and maybe keep a backup plan, just in case the cards don't fall your way.
Instinct---
05/12
@moh1111 👍
baberrahim
05/12
OMG!Those $MLYS whale-sized options block were screaming danger! � Closed positions just in time profiting more than $433
SocksLLC
04/22
Engine AI and Unitree closing tech gap fast. Tesla needs to innovate or lose market share. The robotics race is on.
Routine_Ask9985
04/22
@SocksLLC What if Tesla partners with Engine AI or Unitree?
abdul10000
04/22
Holding some $TSLA, but hedging with renewables. Robotics market could boom, but risks are real. Be cautious out there.
Zhukov-74
04/22
@abdul10000 How long you been holding $TSLA? Curious if you got a target price in mind or any other hedges.
Excellent_Chest_5896
04/22
China's playing hardball with rare earths. US firms need backup plans or they'll be left in the dust. 🚀
EscapeSmall7090
04/22
@Excellent_Chest_5896 True, China's got the upper hand. US firms need diversify ASAP or risk getting zapped.
Stevitop
04/22
Musk's robot dream faces a rocky road ahead.
SpirituallyAwareDev
04/22
$TSLA stock: high risk, high reward, maybe buy low?
DaddyPass
04/23
@SpirituallyAwareDev How long u planning to hold $TSLA? Just short-term swing or u got a longer view?
THEPR0P0TAT0
04/22
US government needs to step up on rare earth processing. MP Materials' output is a drop in the bucket. 🤔
CaseEnvironmental824
04/22
@THEPR0P0TAT0 True, MP's output is small. US needs more effort.
CrisCathPod
04/22
China's got Tesla in a rare earth chokehold.
reallymt
04/23
@CrisCathPod True, China's got the leverage.
lies_are_comforting
04/22
Tesla's Optimus dreams hit by China's export curbs. Musk needs to pivot or get stuck. Supply chain risks are real, folks.
WatchDog2001
04/22
@lies_are_comforting Musk better adapt or bust.
Just_Fox_5450
04/22
Musk's $10 trillion robot claim seems far-fetched. Goldman Sachs projections more realistic. Keep expectations grounded.
StrangeRemark
04/22
Rare earth prices up 30% in 2023? Yikes. Volatility is the new norm. Diversify or get burned.
SelectHuckleberrys
04/22
Diversify supply chains before it's too late, folks.
spanishdictlover
04/22
Musk's robot dream hit by China's export curb, sounds like a long play for TSLA holders.
DaddyLungLegs
04/22
@spanishdictlover How long u holding TSLA? Thinking long-term or just riding the wave?
NinjaImaginary2775
04/22
@spanishdictlover I had TSLA, sold early. Regretted it when it kept climbing. FOMO hits hard.
oakleystreetchi
04/22
Chinese firms offering robots at low prices. Tesla's pricing might be a problem. Gotta watch the competition.
Puzzleheadbrisket
04/22
$TSLA stock dip 43% sounds rough. Geopolitical risks are a bear. Time to hedge or hold tight?
racoontosser
04/22
Wow!the Peak Seeker algorithm successfully identified both trough and apex inflection points in DOGE equity's price action, while my execution latency resulted in material opportunity cost.
Hesho95
05/16
Wow!Those $BTC whale-sized options block were screaming danger! � Closed positions just in time profiting more than $465
areHorus
05/07
"The NYT's Q1 report is like a Beyoncé album—flawless, but you can't help but wonder if they're repeating the same hits. Subscription growth is impressive, but with everyone else copying their moves, how long till the audience gets bored? They're diversifying like they're running a buffet, but even the best buffet can get stale. Still, they're killing it right now, so hats off.
Ecstatic_Book4786
05/07
Diversification is the name of the game. Who needs just ads when you can have affiliate gold? 🤑
zarrasvand
05/07
NYT's pivot to premium content is lit. Subscriptions are the new oil, folks.
Empty_Somewhere_2135
05/07
Digital growth is sweet, but print is a drag.
Current_Attention_92
05/07
NYT's subs growth is 🔥. 14% YoY? That's some next-level retention. They're not just printing dollars, they're printing presses.
ConstructionOk6948
05/07
Wirecutter's affiliate hustle is low-key genius. 💰
Medical-Truth-3248
05/07
Diversification FTW, but tech shifts could bite them.
CertifiedWwDuby
05/07
NYT's subs game is strong, but ad market yikes.
Therezwb
05/07
@CertifiedWwDuby Ad market jitters, but subs are solid.
BranchDiligent8874
05/07
Damn!!The NYT stock was in an easy trading mode with Premium tools, and I made $306 from it!
Argothaught
05/07
$NYT is my long hold, solid journalism pays
Fauster
05/09
Danaher's stock is like a poker table where the odds are stacked against you. The options are a gamble, with a high chance of expiring worthless. It's like betting on a bad beat, but hey, at least you get to play the game.
MarshallGrover
05/09
Wow!The DHR stock triggered a trading signal, resulting in substantial gains for me.
ajaxbeta
05/16
IOVA's stock is taking a nosedive, and the legal drama is just the cherry on top. It's like a biotech soap opera where everyone's favorite character gets fired. Short it while you can, but don't forget to enjoy the show. After all, it's not every day you get to watch a company implode in real-time.
rematar
05/16
Damn!!I successfully capitalized on the IOVA stock's bearish movement with Premium tools, generating $392!
OwlGlad6122
05/17
@rematar Nice score! How long were you holding IOVA before cashing out?
the_doonz
04/21
$TSLA and $AAPL already in the bag, considering $UBER for its growth potential in emerging markets. Diversification FTW.
jeditataween
04/21
@the_doonz How long you been holding $TSLA and $AAPL? Curious if you got a timeline for adding $UBER.
sesriously
04/21
Investors be like 🤔: is this Uber move a $88.56 winner or just another ride down memory lane?
mrpoopfartman
04/21
Uber's pivot to delivery is like a cheat code in emerging markets. Ride-hailing struggles? Forget about it.
spanishdictlover
04/21
@mrpoopfartman True, Uber's delivery pivot looks strong, but they'll face heat in Turkey with regs and competition.
BunchProfessional680
04/21
AliBABA's involvement adds a spicy twist. Could be a deal-breaker if they don't play nice. Keep an eye on that dynamic.
Traditional-Jump6145
04/21
@BunchProfessional680 True, AliBABA's role complicates things.
michael_curdt
04/21
Trendyol's valuation seems high, potential bubble?
WorkingCareful7935
04/21
Margins might shrink, but long-term gains could be substantial. Uber's got the brand, just hope they don't trip on execution.
OutsidePerspective27
04/21
Holding $UBER long-term. Trendyol acquisition could be game-changer if they navigate risks right. Eyes on Turkish regulators.
friggen_guy
04/21
@OutsidePerspective27 How long you been holding $UBER? You think the Trendyol deal will boost their growth enough to hit that $88.56 target?
Doxfinity
04/21
Competition in Turkey's delivery market is cutthroat. Uber better have a solid strategy or it's just throwing money away.
mrpoopfartman
04/21
If Uber pulls this off, $UBER mooning ain't out of the question. Growth potential in MENA is no joke.
Gurkaz_
04/21
@mrpoopfartman Totally agree, big potential there.
AbuSaho
04/21
@mrpoopfartman Think $UBER can hit ATH soon?
Loud_Ad_6880
04/21
Uber's pivot to delivery is like a Hail Mary pass. Needs to work or risk being a costly fumble.
PunchTornado
04/21
This deal's got high stakes, high risk, and high reward. Uber's gotta play smart, not hard. Market's watching closely.
chrisbaseball7
04/21
UBER's pivot to delivery is smart, but risky
krogerCoffee
04/21
Regulatory hurdles might sink this deal
Sgsfsf
04/21
MENA market is like the Wild West for delivery. Uber's in for a wild ride with potential windfalls. 🤠
TailungFu
04/21
@Sgsfsf Think UBER's ready for this?
Connect_Corner_5266
04/21
Holy!the Peak Seeker algorithm successfully identified both trough and apex inflection points in UBER equity's price action, while my execution latency resulted in material opportunity cost.
Rtrebbbs
04/21
@Connect_Corner_5266 alright
6roke6oy6
04/22
$ELF
Haardikkk
04/22
$ELF
deejayv2
04/22
@Haardikkk Still holding ELF? Curious how long you've been in and what your strategy is.
NEYO8uw11qgD0J
04/22
e.l.f. down 47%, Ouch! 🤦♂️
EightBitMemory
04/22
Fast fashion and beauty are high risk, high reward. Keep an eye on inventory and supply chains. Trends can turn on a dime. 💼
Frozen_turtle__
04/22
Muddy WATers exposed some dirty laundry. Investors got burned, but it's all about due diligence. Read the fine print, peeps.
Ambitious_Orchid_239
04/22
e.l.f. got wrecked by inventory, smh.
Relevations
04/22
@Ambitious_Orchid_239 alright
mav101000
04/22
Holding $ELF? Time to reevaluate, maybe sell.
provoko
04/22
Muddy WATers exposed e.l.f., classic takedown.
acg7
04/22
Diversify or die, lesson from e.l.f. mess.
Progress_8
04/22
Investors diving into $ELF should really consider the supply chain risks. One misstep and it's a beauty disaster.
Few-Statement-4166
04/22
@Progress_8 Yeah, $ELF's got risk written all over it.
Naive-Present2900
04/22
@Progress_8 Supply chain's a minefield, for sure.
Relevations
04/22
e.l.f.'s "value proposition" seems more like a value trap now. Watch out for overpromising and underdelivering. Do your own research.
solidpaddy74
04/22
Transparency matters, e.l.f. should've been honest.
Critical-Database-49
04/22
e.l.f. Beauty got hit hard, but I'm holding long-term. Diversification is key, folks. Don't put all eggs in one basket.
Manufactured907Luck
04/22
Damn!!ELF demonstrated textbook-perfect bottom and peak confirmation signals via Peak Seeker framework,with subsequent price movements validating 83.6% predictive accuracy
BuyGMEandlogout
05/09
Wow!🚀 BABA stock went full bull trend! Cashed out $385 gains!
Accomplished-Owl-446
05/09
@BuyGMEandlogout How long were you holding BABA before cashing out? Any predictions on where it's headed next?
Accomplished-Bill-45
05/09
@BuyGMEandlogout Sold early, nice move. I had BABA too but held for too long, missed the bull trend.
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