Market Top or Just a Pause? Analysts Weigh in on Bitcoin’s Quiet Zone

Bitcoin continues to consolidate just below the $120,000 mark, exhibiting restrained momentum despite previous rallies that pushed it to all-time highs above $123,000. Over the past 24 hours, the cryptocurrency has fluctuated between a low of $117,422 and a high of $119,197, ultimately trading at $118,578 at the time of writing. While price movement has remained relatively stable, on-chain indicators suggest that broader market sentiment is still in a transitional phase, with neither excessive enthusiasm nor panic selling present among investors. Related Reading: Are Traders Walking Into a Bitcoin Bull Trap at $118K? Here’s What the Data Shows Bitcoin Market Signals Suggest Ongoing Expansion Phase A recent analysis by CryptoQuant contributor Gaah highlights a key development in the Index Bitcoin Cycle Indicators (IBCI), a composite tool used to track phases in Bitcoin’s market cycle source: https://www.newsbtc.com/bitcoin-news/market-top-or-just-a-pause-analysts-weigh-in-on-bitcoins-quiet-zone/