Bitcoin reached its all-time high on Monday, followed by a minor pullback on Tuesday due to Donald Trump’s crypto bill being blocked in the early hours of Crypto Week. Now, however, the apex crypto has begun trading sideways, just above the $118K mark.
As of right now, the community is focusing on two things: one is for institutional interest to get higher, and the other is what comes ahead of Crypto Week.
While there is an ecosystem of unease around Bitcoin, it is also the right time to find the best crypto to buy now, as volatile times cause some of the best investment opportunities to emerge.
Bitcoin Price Stalled Below $120K
As soon as Bitcoin moved past the $120K level to hit $123K, the community was elated. However, as expected, a correction followed soon after and short-term bearish signals started to flare up.
Thankfully, the red candle was long enough for a panic rally to set in, and after a daily correction of 6%, the BTC price bounced.
Hourly charts show that Bitcoin’s immediate resistance is around $118.4K, which could hopefully be crossed by the end of the day. After that, the apex crypto would have to go to $120K to retest its all-time high.
Why is Bitcoin Trading Sideways?
Bitcoin’s correction after reaching its all-time high was only natural. However, there are core reasons why the current accumulation trend is noteworthy.
Profit-Taking and Caution
One obvious reason is profit-taking. Long-time holders who waited for BTC to reach its all-time high have pulled back a bit to make gains. ETFs by Fidelity, Grayscale, and Ark & 21Shares have also recorded outflows.
Also, whenever Bitcoin has peaked, market conditions have turned volatile, which has made investors cautious. This can be seen from the low trading volumes as of late, indicative of bulls and bears being evenly matched.
Pause Before the Next Surge
Most of the big names within the cryptocurrency space have been very bullish about Bitcoin. Arthur Hayes, the co-founder of BitMEX, has said that Bitcoin reaching $1 million between now and 2028 is “inevitable.” Robert Kiyosaki, Cathie Wood, and Binance founder CZ have also echoed these sentiments.
However, Bitcoin reaching that level hinges on geopolitical conditions and the changing financial ecosystem. That’s why shrewd investors are biding their time, holding their assets (or trading them sparingly) in order to wait for BTC to finally reach $1 million.
Waiting for the Output of Crypto Week
Crypto Week is one of the biggest events that could set the regulatory tone of decentralized finance moving forward. While several of the core bills were blocked ahead of the week, Trump claims that they are now moving forward. Whether or not these words hold true is making people cautious, leading to Bitcoin trading sideways.
ETFs Have Plateaued for the Time Being
While the institutional inflow had a massive surge after Bitcoin ETFs were approved, now that these exchange-traded funds have become mainstream, interest in them has stagnated. While BlackRock’s IBIT has seen consistent inflows, FBTC has seen outflows over the last two days.
Is Bitcoin Still the Best Crypto to Buy Now?
When we consider the sheer level of market interest, Bitcoin stands out as one of the best cryptocurrency investments for long-term holders. 2025 has seen massive institutional push and new highs for BTC. And since the new US administration is moving ahead with creating crypto-specific regulations where investors could get a bit more leeway, the apex crypto looks to be a good cryptocurrency investment.
However, it is a high-cap asset, which means it is out of reach for many retail investors. And since going mainstream, chances are high that it could chart in the same way as a traditional asset. In simple words, it may not provide parabolic gains like it did before.
Therefore, investors should consider altcoins that could be directly impacted by Bitcoin’s growth. Here are a few options that investors can look into.
Bitcoin Hyper
It is common knowledge that meme coins are the first to see a massive surge in price whenever Bitcoin hits a new high. However, Bitcoin Hyper is a project that not only tries to capitalize on Bitcoin’s core narratives but also aims to create a Bitcoin network that has more use cases.
Developed on the Ethereum blockchain and integrated with the Solana Virtual Machine, Bitcoin Hyper aims to make the Bitcoin network capable of handling smart contracts and become faster and more efficient.
An L2 scaling solution provided by the Lightning Network is being used to enhance Bitcoin’s capabilities. Furthermore, the project is also using a Canonical Bridge to provide seamless interoperability between the two chains.
In time, the developers hope that more decentralized applications could be built on the Bitcoin network so that it would no longer be limited to just being another “store of value” asset.
Recent updates reveal that Bitcoin Hyper has already made the Devnet live, which further indicates that the project does want to follow a utility-focused path.
Experts at 99Bitcoins have called Bitcoin Hyper the next 10x BTC layer 2.
Snorter
Bitcoin’s consolidation has had little impact on the Solana price, which is now following an uptrend, with the community hoping that it could cross the $200 mark soon.
One of the reasons why Solana has been such a success is due to Solana-based meme coins. Most of them have proven to be wildly successful, and Snorter has emerged as a trading bot that could help investors find the best one among them.
Developed for Telegram, Snorter is a trading bot equipped with automated sniping features to find the best Solana-based investments. It also features security tools such as honeypot and rugpull protection, as well as social trading features like copytrading.
Being active on Telegram means it could have a large following that could directly influence the Snorter token’s price in the short and long term.
Snorter is also a meme coin, highlighted by its main animal: an aardvark. With a unique animal as a meme, Snorter also has viral potential.
Experts like Crypto ZIP have said that Snorter could be a strong 10x presale due to its mix of use cases and memes.
Token6900
According to Token6900, the key to success when investing in memes is not going through too much research or tracking corporate earnings, but letting go of fundamentals altogether.
The project completely embraces its lack of utility and creates an ambiance similar to SPX6900, down to aesthetics, and aims to provide users with a “not-so-unique” but honest meme coin that could offer massive short-term gains.
The official website has a look of Windows 95, and the social media posts are full of AI-driven memes, most of them making no sense and focusing on the new “AI slop” genre. It means users will find random interviews, artworks that look as if built by someone influenced by chemicals, and an aesthetic that pays homage to the sheer ridiculousness of meme coins.
Its tokenomics is simple but involves key aspects like vesting, giving the cryptocurrency community complete power. Staking rewards are also part of its appeal, and there is one hidden task to which exactly 24.9993% of the total supply has been allocated.
Despite pursuing no utility, Token6900 has raised upwards of $500K within days of being launched on presale.
Conclusion
Although Bitcoin has started to trade sideways, there is no cause to worry. Correction and consolidation after a growth cycle are common. However, due to ongoing regulatory conversations and geopolitical conditions that often involve liberal talks about tariffs and war, the current trends feel more important than they actually are.
Investors are advised to exercise patience. And if they are looking for the best crypto to buy now, they should focus on assets currently only available on presale. These assets could provide gains without subjecting investors to the current market’s volatility and have themes that could create strong communities.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
