The "Boring" Phase of Bitcoin Could End with a Big Bang: Here’s Why

Bitcoin stays tuned at nearly $118,000 as traders await the FOMC decision. Analysts warn that a major breakout may be approaching. Price Stay Tuned In A Narrow Range Bitcoin (BTC) is priced at 118,300 dollars at the time of writing, down 0.2% for the week. Over the past few weeks, this asset has fluctuated within a narrow range without a clear direction. Traders are showing caution ahead of the Federal Open Market Committee (FOMC) interest rate decision today. Cryptocurrency analyst Michaël van de Poppe describes the current pattern as "extremely boring," pointing out the indecision or momentum Bitcoin has maintained in the range of 116,800 to 119,500 dollars, with no clear upward or downward movement. His chart shows that the liquidity above and below this range has been liquidated. This often occurs before a strong price movement. He further stated that breaking above $119,500 could pave the way for a retest of previous highs. If the price drops, the range of $110,000 to $112,000 could become an important area to watch for buying opportunities.

The Market Has No Clear Trend Axel Adler Jr, an analyst at CryptoQuant, shared an update on the general market trend of Bitcoin using a tool called Bitcoin Heat Macro Phase. Currently, this trend is at 44%. Notably, this figure reflects several market signals, including selling activity from long-term investors, inflows into ETFs, and overall demand. A higher figure indicates that the market is heating up. A lower figure suggests a lull phase, often seen before prices rise.

At 44%, Adler explained that the market is at an average level. The analyst stated: "Currently, there is no clear dominance of the buyers or the sellers" Although some profit-taking activities have begun, they are still at a controlled level. Continue to Cool Short Term Another analyst from CryptoQuant, known as Crypto Dan, has noted a brief cooling period following a short-term activity. They examined the amount of Bitcoin held over just one day to one week and stated that these figures indicate signs of short-term overheating earlier this month.

Compared to the larger corrections seen in 2024 and early 2025, this phase appears to be shorter in both intensity and duration. The analyst also noted that the recent price increase is not significant, which may limit the depth or duration of any correction. Crypto Dan believes that traders may need to wait through this cooling-off period before seeing the next upward trend. Long-term wallet activity shows familiar patterns Online analyst Joao Wedson points out that the number of Bitcoin wallets holding more than 10,000 BTC is decreasing again—similar to the bull market phase of 2020–2021. During that time, prices continued to rise even as large holders reduced their positions. Wedson said: "The same situation continues to occur" He also mentioned that this could indicate the final stage of the current bull market cycle. "In my opinion, this signals that the BTC bull market is just a few weeks away." he said. This pattern is being closely monitored, especially as the market continues to fluctuate within a narrow range.