According to CryptoQuant, the #Bitcoin is likely to continue moving within a range as the market enters 2026, without a clear structural signal pointing to a sustained bullish or bearish trend.

The assessment comes from a new research note that analyzes macroeconomic conditions, activity in derivatives, and key on-chain indicators. According to the analysis, BTC continues to trade within a high volatility range.

Although long-term adoption themes remain intact, the short-term price direction lacks confirmation. Analysts described the current scenario as conditionally neutral to slightly bearish.