Analyst: Bitcoin lacks strong catalysts to break through the historical high of $112,000.

Gate News bot reports that Bitcoin may soon return to its historical high of $111,970, but crypto assets analysts say that this asset has almost no fundamental support to effectively break through this level.

Analysts stated in a report on Monday: "The risk of a short-term Bitcoin pullback continues to grow—especially in the absence of strong catalysts to push it past the current historical highs."

They stated: "Without strong macro or structural upward catalysts, Bitcoin is easily susceptible to short-term pullbacks, especially when long-term holders diversify their positions in exchange for strength."

The report points out that Bitcoin (BTC) holders are now facing a critical decision on whether to sell: "Those market participants who have still held onto Bitcoin since the first quarter of 2025 and have maintained their holdings after the price significantly fell below $80,000 are now being tested, as the Bitcoin price is consolidating near historical highs."

Source: Cointelegraph