Bitcoin Holds Long-Term Uptrend as Liquidity Tightens and Meme Coins Lead Rotation
Bitcoin remains aligned with its long-term uptrend despite short-term cooling momentum and recent price chop. On-chain and market-structure signals point to tightening liquidity—highlighted by a declining TOTAL/BTC—while BTC holds key structural levels. Analysts note that this setup reduces panic risk and will likely resolve through gradual market rotations rather than abrupt moves. Technical improvement includes a reclaim and hold of the 4‑hour 200‑SMA for BTC, the first since October, which improves the odds of continuing upward momentum toward resistance near $94,500 if the moving average trends upward. Meanwhile, meme coins have formed tight corrective structures, showing resilience to BTC dips and acting as the market’s leading edge; some analysts predict these tokens may express substantial upside in 2026. Overall, the piece suggests a cautiously constructive outlook: trend intact for BTC, liquidity conditions central to timing, and sector rotations—especially into meme coins—could drive the next phase of market gains.
Bullish
The article points to BTC maintaining its long-term uptrend while liquidity tightens and corrective structures form across altcoins, especially meme coins. A reclaimed 4‑hour 200‑SMA is a constructive technical development: historically, reclaiming and holding the 200‑SMA on shorter timeframes often precedes sustained momentum phases rather than immediate rallies. Tight liquidity and declining TOTAL/BTC suggest reduced supply pressure, which can support higher prices once rotation into risk assets resumes. Meme coins acting as a leading indicator implies capital rotation from large-cap BTC moves into higher-beta assets, which historically amplifies bullish cycles (e.g., 2020–2021 altcoin runs following BTC consolidation). Short-term, expect choppy price action and rotational moves—traders should watch liquidity metrics, TOTAL/BTC, and the 4‑hour 200‑SMA for confirmation. Long-term, if BTC continues to hold structural levels and liquidity eases, the market setup favors a bullish regime where altcoin and meme-coin rallies could magnify gains. Risk remains: if the 200‑SMA fails or liquidity tightens further into a deleveraging event, the outlook would shift bearish quickly.