Bitcoin Traders Brace for Breakout as Consolidation Nears Decision Point
Bitcoin is locked in a tightening consolidation pattern, and according to crypto analyst Daan Crypto Trades, a breakout—or fakeout—could be just days away.
In a recent update, Daan pointed to the formation of a symmetrical triangle on the BTC/USD chart, a common setup that often precedes sharp moves.
He cautioned that such patterns frequently produce false breakouts before reversing direction.
“If price fails to push further and starts reversing, one of these scenarios could be on the board,” he noted, highlighting both bullish and bearish deviation traps in his chart.
The consolidation comes amid a persistent spot premium, signaling underlying strength in Bitcoin’s price even without aggressive leverage in the market. Daan attributes this support to “billions of bid from Saylor, ETFs and other companies,” referring to institutional buy pressure helping keep prices buoyant during this sideways phase.
Importantly, he clarified that while long positions are still present, the low funding environment reduces the risk of mass unwinds. “Without the funding payments, positions are less likely to close or roll over,” he explained.
The technical setup suggests that traders should remain cautious. A breakout from the current range could provide a strong entry signal—but false moves are likely before the real direction asserts itself.
With volatility building and institutional interest intact, all eyes are on which direction Bitcoin chooses next.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
