Investors are acting cautiously due to the tariffs on the agenda in Washington, uncertainties surrounding the Fed chairmanship, and steps regarding cryptocurrency regulation. The US Supreme Court did not announce its expected decision on Friday regarding the legal status of the tariffs imposed by Donald Trump. This, along with ETF flows and geopolitical uncertainties, has contributed to Bitcoin remaining in “wait mode.”
Jake Ostrovskis, head of over-the-counter (OTC) trading at Wintermute, said, “Following a strong start to 2026, we’re seeing a classic post-rally consolidation.”
Better-than-expected economic data has dampened hopes for further interest rate cuts. This is limiting Bitcoin’s momentum toward its all-time high of over $126,000 seen in October.
CoinShares Head of Research James Butterfill commented, “Macro data is generally stronger than expected. This is somewhat reducing the likelihood of a rate cut in March, putting downward pressure on prices in the short term.”
Some market participants, however, find the current slowdown constructive. Brian Vieten, senior research analyst in digital assets and blockchain at Siebert Financial, said, “Bitcoin is consolidating around $90,000 after a prolonged sell-off driven by concerns about realizing tax losses and the possibility of MSCI delisting digital asset treasury companies. That risk has now dissipated, and the selling pressure has largely subsided.”
Index provider MSCI this week shelved its plan to remove digital asset treasury companies from its indices, arguing that they behave like mutual funds.
Despite short-term uncertainties, optimism remains for the long term. Butterfill stated that the $200,000 level is possible by the end of the year, while Ostrovskis said that a sustained break above $95,000 would re-trigger systematic buying and could push Bitcoin back into six-figure prices. He commented, “A sustained break above $95,000 could trigger a reflexive rise in the market.”
*This is not investment advice.
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