The market is currently gathering strength; consolidation may not be a bad thing, it's the calm before the storm. Bitcoin has been fluctuating in the range of 96,000 to 100,000 these past few days, not moving much. A volatility of around 5% in the crypto market is quite normal. Right now, the bulls and bears are in a tug-of-war, neither wanting to back down easily. The good news is plentiful, and market confidence is stable, likely building a base after the last surge.
In the short term, Bitcoin is expected to continue bouncing around this price range. But one must keep an eye open; before the new administration takes office, the market may suddenly hit the brakes, washing out the last of the indecisive players.
$BNB is estimated to hover between 680 and 740, waiting for big brother Bitcoin to point the way. Following this, the bears probably won't be so impatient either; let's be patient, as the good show is yet to come.
$ETH is currently gaining momentum, moving steadily within the range of 3,500 to 3,800. It's showing a strong trend; if Bitcoin remains flat, Ethereum may still carve out its own wave of momentum.
