Bitcoin has been trading in a narrow range of roughly $85,000 to $90,000 after a volatile period late last year, with analysts expecting limited movement to continue.
Market experts say exchange-traded fund inflows now dominate price action as on-chain activity weakens and long-term holders reduce exposure.
There may be catalysts to support higher prices in the coming weeks, but right now, we’re in a range-bound market.
Gerry O’Shea said.
Analysts noted that shifts in US monetary policy or progress on crypto regulation could reignite bullish momentum.
We think 2026 is going to be a positive year for bitcoin, but this could be a more boring year in crypto terms.
Jim Ferraioli said.
Ferraioli said bitcoin is still digesting its sharp gains from 2022 to its October 2025 peak, describing the slowdown as part of market maturation.
ETF demand has made bitcoin more accessible but may be masking underlying supply and demand signals.
True institutional investors are still not really in this space.
Ferraioli said.
It’s deeply undervalued.
Will Reeves said, adding that a sustained rally may only begin once selling pressure fades and broader demand returns.
Analysts remain divided on whether bitcoin has entered a prolonged crypto winter.
At the time of reporting, Bitcoin price was $91,006.09.