Bitcoin’s upward trend may struggle without a catalyst, Glassnode warns. BTC currently trades at $110,840, down 5% from $117,000. A 4.19% decline over 30 days indicates potential risk of mid- to long-term corrections. Hyblock Capital CEO expects volatility, with potential upside to $120,000. Sideways price action likely after a crash.

Despite a market crash, positive momentum may still be possible for Bitcoin. High ETF inflows and healthy spot volume are positive indicators. US-based spot Bitcoin ETFs saw $5.96 billion in inflows before the crash. Potential rate cuts by the US Federal Reserve could further boost cryptocurrency markets. CME FedWatch Tool suggests a 95.7% chance of a rate cut on Oct. 29.

21Shares strategist sees a constructive setup for digital assets into year-end. Liquidations, policy easing, and structural demand are positive factors. Bitcoin could move towards $150,000 with macro tailwinds and institutional flows aligning. Analysts predict even higher values, with forecasts of $250,000 by the end of 2025.

Read more at Cointelegraph: Bitcoin Needs Fresh Catalyst To Avoid Price Decline: Analysts