Bitcoin is nearing its all-time high of $111,970, but experts say there’s limited fundamental support for it to break above that level. Analysts warn that without a strong catalyst, the asset could experience short-term corrections.
Bitcoin long-term holders are at a crossroads: sell or hold on. Those who bought in 2025 and weathered the recent drawdown below $80,000 are now being tested as the price oscillates near ATH levels. A sudden sell-off by these holders could lead to a prolonged consolidation phase.
Historically, Bitcoin often enters a consolidation period after reaching new highs. This was seen in March 2024 when it hit an all-time high of $73,679 before entering a range-bound phase until Donald Trump’s election as US president in November.
Notably, approximately $1 billion in short positions will be at risk if Bitcoin hits the price point, according to CoinGlass data. Analysts are closely monitoring macroeconomic events such as the upcoming Federal Reserve interest rate decision and developments related to US President Trump’s tariff policies.
Interest rate cuts can signal a bullish outlook for Bitcoin and other cryptocurrencies. However, Pav Hundal, Swyftx lead analyst, warns that ongoing tariff uncertainty is the biggest threat to bulls in the next two months, saying “nothing changes over the next two months” could trap investors in this cycle of endless ultimatums.
Investors should conduct their own research before making any decisions, as every investment and trading move involves risk.
Source: https://cointelegraph.com/news/bitcoin-price-lacks-fuel-surpass-all-time-high