Bitcoin’s consolidation in the $100,000 range is giving traders an opportunity to take a closer look at DOGE, SUI, PEPE and FTM.
Bitcoin (BTC) continues to witness a tough battle between the bulls and the bears at the $100,000 level. CryptoQuant contributor Percival said in a Quicktake blog post on Dec. 6 that Bitcoin’s weekly strength is worn out, suggesting a consolidation over time.
The near-term uncertainty and the choppy price action have not altered analysts’ long-term bullish view on Bitcoin. WeRate co-founder Quinten François said in a post on X that Bitcoin is “entering the euphoria stage,” which could extend the rally for a maximum of 12 months before a cycle top is formed.
Crypto market data daily view. Source: Coin360
