Bitcoin entered a consolidation phase after it surged to $93,400 this week.
Analysts are split on whether Bitcoin will break $100K or face a major correction.
Ethereum remains 36% below its 2021 all-time high, with the altcoin season yet to materialize.
After a streak of giant green candles, the bull run in Bitcoin is finally cooling off, with no immediate signs that Bitcoin is ready to break the much-awaited $100K level.
Two days ago, Bitcoin peaked at $93,400 after staging a 40% gain from its November low of $66,800. This upward movement also boosted altcoins like Ethereum, which surged to $3,444, though it remains significantly below its all-time high.
While many in the crypto community anticipate Bitcoin maintaining momentum toward $100,000 and becoming a six-figure asset, it has instead dipped to $86,682 since crossing $90K, entering a consolidation phase.
Now, analysts are divided on Bitcoin’s next move, whether it will break into $100K or face a major correction that could sink its price back.
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