Bitcoin is hovering around the $100,000 mark, building what experts describe as a new median price before its next potential breakout.

While some investors remain cautious, industry leaders suggest that Bitcoin’s current sideways movement signals a strong foundation for a future rally.

Frank Holmes, Executive Chairman of HIVE Digital Technologies, pointed out that Bitcoin’s recent price behavior aligns with historical trends.

Speaking with Rob Nelson on Roundtable , Holmes said, “I have a quad approach as a money manager and how we run a hive. And so we look at the 60-day rate of change in Bitcoin when up two standard deviations fell back goes up. What it's doing is it's building a new median, a new average to around a hundred thousand, and that allows it to have a 30 to 40% move, which would be a normal type of move over 60 days.”

Holmes added that Bitcoin’s next breakout could be influenced by upcoming policy shifts in the US, particularly President Donald Trump’s stance on digital assets.

“The longer it does this sort of going sideways, it would suggest that the next big move is on the upside, especially with the thought process of what President Trump is going to be talking about regarding Bitcoin as a critical asset,” he said.

Armando Pantoja, a futurist and investor, echoed similar sentiments but noted the psychological aspect of Bitcoin’s price discovery.

“I agree here that Bitcoin is building an average around a hundred thousand, and I think that's a hundred thousand is a psychological barrier,” he noted. “But people are still trying to do price discovery and figure out where Bitcoin should be priced at right now.”

He also argued that the upcoming inauguration could serve as a bullish catalyst.

“A lot of people asked me earlier this week if the inauguration was a sell-on-the-news event. And I think it's actually the opposite. It's a buy-on-the-news event,” he explained.