{"id":6575,"date":"2025-05-16T11:15:00","date_gmt":"2025-05-16T10:15:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=6575"},"modified":"2025-05-16T10:29:03","modified_gmt":"2025-05-16T09:29:03","slug":"crypto-market-standstill-causes","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/crypto-market-standstill-causes\/","title":{"rendered":"What\u2019s Behind the Crypto Market Standstill Today ?"},"content":{"rendered":"\n

Crypto Market and Bitcoin Analysis : Will the Range Last ?<\/h2>\n\n\n\n

The crypto market<\/a> has experienced a $10 billion<\/strong> decrease today, settling at $3.28 trillion<\/strong>. Although modest, this decline in Bitcoin<\/a> emphasizes the need for a stronger recovery across the entire market. For the bullish momentum to resume, this $3.28 trillion level must turn into a solid support.<\/p>\n\n\n

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\"TOTAL<\/figure>\n<\/div>\n\n\n

If this support is successfully defended, the TOTAL crypto market index could then target the next resistance at $3.40 trillion<\/strong>. However, a deterioration in general financial conditions could exert additional pressure on the market. Failure to maintain the $3.28 trillion threshold could lead to a drop towards $3.16 trillion<\/strong>, invalidating the bullish outlook and hinting at prolonged consolidation or even a deeper correction.<\/p>\n\n\n\n

Meanwhile, currently trading<\/a> at $103,988<\/strong>, the price of Bitcoin shows a slight increase compared to the previous day. However, the leading cryptocurrency<\/a> remains trapped below the major resistance level of $105,000<\/strong>. This consolidation between $105,000 and $102,734<\/strong> suggests that the market is awaiting clearer signals before committing to a direction.<\/p>\n\n\n

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\"BTC<\/figure>\n<\/div>\n\n\n

If the downward trend intensifies, Bitcoin<\/a> could potentially fall towards $100,000<\/strong>. This scenario seems more plausible than a bullish surge as impatient investors may decide to sell, exerting downward pressure. Such a decline to $100,000<\/strong> could trigger a new rally, involving a “strong hands to weak hands” shift and smart money accumulation.<\/strong><\/p>\n\n\n\n

A break of support would lead to a sell-off down to $97,000<\/strong>. Therefore, closely monitoring what BTC<\/strong> does around the $100,000<\/strong> mark is crucial.<\/p>\n\n\n\n

The tightening of the Bollinger FBB indicates a movement of Bitcoin in the next few hours. With targets at $99,800<\/strong> for the downside and $106,000<\/strong> for the upside.<\/p>\n\n\n\n

Dogwifhat at Risk with This Key Support ?<\/h2>\n\n\n\n

Displaying a 10%<\/strong> decrease, the memecoin Dogwifhat (WIF)<\/strong> is the weakest altcoin of the day. Despite this decline, the token manages to hold above the tecnical support<\/a> of $1<\/strong>. This stability could provide hope for a price recovery if market conditions improve.<\/p>\n\n\n

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\"WIF<\/figure>\n<\/div>\n\n\n

Currently trading at $1.016<\/strong>, WIF, however, remains below the $1.044<\/strong> support. In case of further losses, the altcoin could drop towards the $0.859 support or even down to $0.70, the 4H FBB midline. This potential decline would challenge the bullish outlook, especially if market conditions do not improve to provide the necessary support.<\/p>\n\n\n\n

In the short term, if WIF gains momentum, it faces strong resistance at $1.22 if it aims to set a new high. The next target could be around $1.43<\/strong>.<\/p>\n\n\n\n

Despite a moderate decline, the crypto market remains in a phase of consolidation<\/strong>, awaiting clearer signals before committing to a new direction. Investors will need to pay attention to critical support levels, such as the $3.28 trillion for the overall market or $105,000<\/strong> for Bitcoin, to seize upcoming opportunities.<\/p>\n\n\n\n

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Buy Bitcoin, WIF, or other cryptos on Bitget easily<\/a><\/div>\n<\/div>\n\n\n\n

More on this topic :<\/strong><\/p>\n\n\n\n