Bitcoin has entered a stagnation phase, showing signs of mid to long-term price stagnation. Although BTC recently reclaimed the 100,000 USD mark, it faces challenges holding onto upward momentum.

Analyst Yansei Dent highlights a death cross indicating a decline in investor activity and a correlation between active addresses and bearish market conditions. The declining transaction count further evidences weakening momentum in the Bitcoin network.

With the market fundamentals appearing weak, analysts predict that BTC may struggle to maintain an uptrend. Current trading is expected to remain within a range of 94,000 USD to 100,000 USD.