Bitcoin is showing signs of exhaustion after failing to sustain recent momentum, but analysts remain divided on what comes next.
While some believe the market is simply consolidating before its next leg up, others suggest a final parabolic move may already be underway—setting the stage for sharp volatility in the months ahead.
Swissblock: “Just a pause—not a breakdown”
In a chart titled Bitcoin Price Momentum, analytics firm Swissblock notes that Bitcoin’s rally has entered a consolidation phase, with bullish momentum fading in early August. The firm compares this behavior to June’s slow build-up, where positive momentum took time to reassert after a prolonged negative streak.
“BTC consolidates here, and bearish pressure fades,” they wrote on X. “Then, with time and patience, upside reignites. No breakdown. Just a pause.”
The data highlights that Bitcoin’s momentum profile flipped to negative territory despite prices holding near $90K–$100K support. However, as seen in past cycles, such momentum resets have often preceded major upside moves once selling pressure subsides.
Merlijn the Trader: Final profit zone is near
In contrast, Merlijn the Trader warned that Bitcoin may be entering the final parabolic phase of its market cycle. Using a Market Maker Model chart, he suggests BTC could soon complete its current wave, targeting between $160K and $220K before a major correction hits.
“Every cycle ends the same: strength first, dump after,” he wrote. “This is the profit zone. Secure the win before it’s gone.”
The chart outlines distinct phases: accumulation, markup, and distribution. According to Merlijn, Bitcoin is now in the distribution phase, where smart money begins to exit as retail investors rush in—typically preceding a downturn.
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Bitcoin Profit Supply Drops to 91%—Swissblock Flags Critical Support Range
Conclusion: Patience vs. profit-taking
With momentum cooling but no technical breakdown in sight, Bitcoin appears trapped between short-term consolidation and long-term climax. For now, traders face a strategic crossroads—accumulate during the pause, or take profits before the top locks in.
Kosta Gushterov
Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.
