London,UK(PinionNewswire) — Benedict Shaw Ellison is a financial analyst who has consistently provided investors with comprehensive insights into digital assets, equities, and macroeconomic cycles. Known for combining both technical and fundamental perspectives, Ellison’s research on Bitcoin (BTC) has gained recognition among institutions and retail investors alike. In his current assessment, Benedict Shaw Ellison analyzes Bitcoin’s consolidation phase near all-time highs and outlines the key drivers shaping its medium- to long-term outlook.

Fundamental Drivers

According to Benedict Shaw Ellison, Bitcoin’s resilience above $110,000 has been fueled by robust inflows into U.S. spot Bitcoin ETFs, which now hold over $60 billion in assets under management. This structural shift in demand has transformed Bitcoin from a niche speculative asset into a recognized component of institutional portfolios.

Another key factor is supply dynamics. With the April 2024 halving event cutting block rewards to 3.125 BTC, the rate of new Bitcoin issuance has slowed, reinforcing its scarcity narrative. Historically, halvings have preceded significant bull cycles, though Benedict Shaw Ellison cautions that price paths are rarely linear and often include sharp corrections.

On the regulatory front, Ellison notes that increased oversight in the U.S. and Europe introduces near-term uncertainty but also fosters long-term credibility. For Benedict Shaw Ellison, this trade-off ultimately benefits Bitcoin by attracting more conservative capital into the ecosystem.

Technical Analysis

Technically, Bitcoin is trading within a well-defined range between $110,000 and $120,000. Benedict Shaw Ellison highlights that $116,000–117,000 has repeatedly acted as resistance, while strong buying emerges near $110,000–112,000.

The 50-day moving average, currently in the mid-$114,000s, is being tested, while the 200-day moving average around $105,000 remains a critical long-term support. Benedict Shaw Ellison explains that a decisive close above $120,000–122,000 would likely trigger a retest of the $124,000 all-time high, with extension potential toward $130,000–150,000 over the next 12–18 months. Conversely, a breakdown below $110,000 risks a deeper pullback toward $100,000–105,000.

Momentum indicators show mild overbought conditions, suggesting consolidation may continue before a breakout. Ellison also points to rising trading volumes during upswings, a signal that institutional accumulation remains in play.

Medium- to Long-Term Outlook

For the next 6–18 months, Benedict Shaw Ellison identifies three scenarios:

• Constructive base case: Sustained ETF inflows and a dovish Fed path support BTC reclaiming $124,000 and advancing toward $130,000–$140,000.
• Bull extension: Strong liquidity, supportive regulation, and retail participation could propel BTC toward $150,000+.
• Risk scenario: A hawkish Fed surprise or risk-off shock might drive BTC back toward the psychological $100,000 level.

Ultimately, Benedict Shaw Ellison views Bitcoin as both a high-risk, high-reward investment and a long-term hedge against traditional monetary systems. While traders should monitor short-term technical levels closely, long-term investors can maintain a constructive bias as Bitcoin continues to integrate into mainstream finance.