Bitcoin Repeats April Playbook – Watch This Range for Confirmation
The post Bitcoin Repeats April Playbook – Watch This Range for Confirmation appeared on BitcoinEthereumNews.com. Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin is trading just 5% below its all-time high around $109,300, consolidating after a powerful multi-week rally that has captured market attention. Bulls remain firmly in control, with price action showing strong resilience above the $100K psychological level. As the market pauses to find direction, speculation is growing about what comes next. Some analysts believe the consolidation is merely the calm before a massive breakout to new highs. Others argue that Bitcoin may need to correct first, shaking out weak hands before continuing higher. Top analyst Daan weighed in with a technical perspective, highlighting a familiar pattern that has emerged since the April lows. With price holding firmly in a narrowing range just under resistance, the next move is expected to set the tone for the coming weeks. Whether it’s a clean breakout above $109K or a short-term retrace, all eyes are on Bitcoin’s next decisive step. Bulls Eye Price Discovery As Bitcoin Tests Key Resistance Bitcoin is on the verge of entering price discovery mode as bulls aim to break above the $105,000 mark and challenge the all-time high near $109,000. After gaining over 40% since its April 9th low, the asset has entered a critical phase, with investors closely watching for a decisive breakout. Despite facing local resistance, the sustained momentum from recent weeks has kept bullish sentiment alive. According to Daan, Bitcoin’s recent behavior mirrors a pattern observed since the April rebound. The cycle has been consistent: a strong upward move, followed by tight consolidation, then another leg higher. Bitcoin price structure 6-hour chart | Source: Daan on X Daan suggests “keeping an eye on this local range and waiting for a breakout in either direction” as the most strategic course of action. Rather…
The post Bitcoin Repeats April Playbook – Watch This Range for Confirmation appeared on BitcoinEthereumNews.com.
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin is trading just 5% below its all-time high around $109,300, consolidating after a powerful multi-week rally that has captured market attention. Bulls remain firmly in control, with price action showing strong resilience above the $100K psychological level. As the market pauses to find direction, speculation is growing about what comes next. Some analysts believe the consolidation is merely the calm before a massive breakout to new highs. Others argue that Bitcoin may need to correct first, shaking out weak hands before continuing higher. Top analyst Daan weighed in with a technical perspective, highlighting a familiar pattern that has emerged since the April lows. With price holding firmly in a narrowing range just under resistance, the next move is expected to set the tone for the coming weeks. Whether it’s a clean breakout above $109K or a short-term retrace, all eyes are on Bitcoin’s next decisive step. Bulls Eye Price Discovery As Bitcoin Tests Key Resistance Bitcoin is on the verge of entering price discovery mode as bulls aim to break above the $105,000 mark and challenge the all-time high near $109,000. After gaining over 40% since its April 9th low, the asset has entered a critical phase, with investors closely watching for a decisive breakout. Despite facing local resistance, the sustained momentum from recent weeks has kept bullish sentiment alive. According to Daan, Bitcoin’s recent behavior mirrors a pattern observed since the April rebound. The cycle has been consistent: a strong upward move, followed by tight consolidation, then another leg higher. Bitcoin price structure 6-hour chart | Source: Daan on X Daan suggests “keeping an eye on this local range and waiting for a breakout in either direction” as the most strategic course of action. Rather…
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