Bitcoin Holds Steady Around $80K Amid Lack of Catalysts

Bitcoin (BTC) has remained range-bound over the past 24 hours, with price action fluctuating around the $80,000 mark. The market appears to be in a consolidation phase, lacking any strong directional momentum in the absence of significant macroeconomic or crypto-specific catalysts in the near term.

Given the current information vacuum, we do not anticipate any major price moves in the short term. However, our medium- to long-term outlook for BTC remains bullish. We believe any dips or corrections are likely to find strong buying interest, presenting attractive accumulation opportunities for long-term investors.

This view is further supported by the broader macroeconomic backdrop. With rising fiscal pressures and slowing economic growth, it is increasingly likely that the Federal Reserve will eventually be forced to reintroduce liquidity into the system—effectively resuming monetary easing. Such a move would weaken the U.S. dollar and bolster demand for hard assets like Bitcoin, reinforcing its long-term value proposition.

On the technical front, BTC is expected to find solid support in the $78,000 to $75,000 range. On the upside, resistance is anticipated around the $82,000 level, with a more significant supply zone likely near $85,000.

Ethereum (ETH) has remained relatively stable above the $1,500 mark, with price action largely range-bound over the past 24 hours. In the absence of any major directional catalysts, the token appears to be consolidating, forming a solid base around this level. This consolidation zone could act as a springboard for a potential upward move toward the $1,760 region in the coming days, especially if broader market sentiment begins to improve.

While ETH bulls are undoubtedly hoping for a more aggressive move higher, we remain cautiously neutral in our medium-term outlook. A sustained rally will likely require more than just technical momentum—it may hinge on the successful implementation and real-world impact of upcoming Ethereum network upgrades. Unless these changes deliver tangible improvements to scalability, efficiency, or user adoption, it may be difficult for ETH to outperform in the current environment.

Moreover, Ethereum is facing increasing competition from other Layer 1 and Layer 2 chains that offer superior performance in terms of speed, cost, and transaction throughput. While Ethereum still maintains a dominant share of on-chain liquidity, we are observing a steady migration of users and capital to alternative ecosystems, including both EVM-compatible chains like Base and non-EVM networks that offer distinct advantages.

This shift in capital flow, combined with the evolving competitive landscape, is expected to place continued pressure on ETH prices in the medium term—even as long-term fundamentals remain intact.