According to Alex Thorn, Head of Research at Galaxy Digital, Bitcoin’s bullish trajectory remains structurally sound, though specific technical indicators suggest heightened vulnerability. In a detailed discussion with Cointelegraph, Thorn emphasized that while macroeconomic fundamentals continue supporting upward momentum, traders should monitor decisive price levels that could precipitate corrections.
The analyst identified crucial support and resistance zones where concentrated trading activity may determine medium-term direction. Historical volatility patterns and institutional positioning data indicate that Bitcoin’s current consolidation phase represents a critical inflection point. Thorn highlighted derivatives market metrics and on-chain activity as key determinants for whether the asset will resume its ascent or undergo a significant pullback.
Market participants are advised to watch for sustained breaks beyond established trading ranges, which would confirm either continuation of the bull cycle or signal impending downside pressure. The assessment comes as Bitcoin demonstrates resilience amid shifting regulatory landscapes and evolving institutional adoption patterns, maintaining its core bullish structure while navigating short-term technical headwinds.
