Bitcoin Needs New All-Time Highs to End Pump-and-Dump Cycles, Analysts Say

Bitcoin's price has been consolidating within a range, leading to a cycle of selling on every rally. Analysts believe that a fresh all-time high for Bitcoin is needed to break this cycle and provide the liquidity needed for the market to move higher. This liquidity could come from sources like MicroStrategy's planned $500 million investment in Bitcoin and inflows into spot Bitcoin ETFs. The current consolidation period has been longer than previous cycles, but analysts expect a breakout to the upside eventually. However, the price is still range-bound, and significant demand-side liquidity is needed to overcome resistance and push the price higher.