Analysts Expect Bitcoin Rally After Tight Consolidation

The asset has been trading in a narrow range between $93,000 and $95,000 since April 25, building pressure that could soon lead to a strong upward move.

FxPro analyst Alex Kuptsikevich told CoinDesk that Bitcoin’s prolonged consolidation phase is typically a bullish signal. He emphasized that the market is looking for a global catalyst — and Friday’s U.S. non-farm payroll and unemployment data might provide it.

“Markets are in a tight range, and declines have been shallow,” Kuptsikevich said. “A strong labor report could serve as a global signal to drive risk assets higher, possibly leading crypto toward a $3.5 trillion market cap.”

Negative Funding Rates Signal Potential Upside

Pat Zhang, head of research at WOO X, shared a similar outlook. He noted that Bitcoin’s funding rates have remained negative for the past week — a rare phenomenon that often suggests large investor accumulation and a brewing rally.

“Negative funding usually reflects bearish sentiment, but when paired with strong support zones, it flips bullish,” Zhang explained. “Whale activity both on and off exchanges is increasing, and that tends to precede major price moves.”

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Bitcoin Price Analysis: Positive Signals on the Horizon

Zhang highlighted that Bitcoin’s funding rate has turned negative only four times over the past two years. Each instance — in September and October of 2023, and twice in mid-to-late 2024 — preceded upward momentum in the market.

Consolidation Builds Strength as Bulls Wait for a Spark

Analysts agree: Bitcoin’s sideways action is laying the groundwork for a bullish breakout. Whether that catalyst comes from macroeconomic data or renewed investor interest, the current market setup suggests that momentum is building — and Friday could be the spark.

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