Bitcoin Price Stuck in Mid-Range: Analyst Predicts Breakout or Breakdown Within Weeks
Trader, known as Daan Crypto, says Bitcoin is currently trading in the middle of a key price range, with the monthly open sitting around $104.600.
According to the analyst, BTC’s recent large move earlier in the month is not unusual and could set the stage for a broader trend.
Daan highlights a critical price range to watch: if Bitcoin drops below the $100K zone—yesterday’s low—the asset could continue trending down for another 1–2 weeks, signaling a larger correction.
However, a move back above the monthly high could end the correction, opening the door to new all-time highs.
Despite short-term volatility, the analyst suggests Bitcoin may continue to range sideways between support and resistance without breaking out in either direction. Traders are cautioned to remain patient and avoid getting chopped up in low-conviction moves.
The coming weeks may be decisive as Bitcoin tests either end of this range to determine its next major direction.
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