TechFlow news, October 28 — According to the latest report by independent analyst Markus Thielen, Bitcoin remains in a range-bound consolidation phase, while U.S. equities have repeatedly hit record highs driven by the AI boom. Bitcoin is currently trading around $113,977, and the S&P 500 has reached 6,913 points.
The report notes that the current market rhythm resembles last year's pattern: after an extended period of low volatility consolidation, prices experienced a sharp upward move over approximately three weeks. The current narrow fluctuation demands greater patience from traders, with short-term investors mainly staying on the sidelines, while the medium-term market outlook remains unchanged.
The analysis suggests that if the Fed maintains its dovish stance and continues cutting rates, markets may largely remain in wait-and-see mode for clear external catalysts. Historical patterns indicate that after prolonged consolidation periods, price volatility tends to concentrate and release within a relatively short timeframe.
