Bitcoin's price continues to remain in a narrow range between $100K and $110K, creating conditions for a possible breakout.
Bitcoin Price Compression
According to Swissblock, the chart shows Bitcoin forming both higher lows and lower highs, indicating price compression. The real battleground appears to be within the $100K-$110K range.
Resilience Amid External Factors
Despite macroeconomic uncertainty and geopolitical factors, Bitcoin shows resilience without breaking its structure. Each pullback is met with stronger support, reinforcing a symmetrical triangle pattern.
Volume Builds Towards Decision Point
Trading volume profiles confirm this compression. The clustered volume zone creates a magnet for price activity, possibly serving as a launchpad for a directional move once consolidation ends.
The price structure indicates reduced volatility in the short term, often preceding significant price shifts. As long as Bitcoin continues to form higher lows, momentum remains in favor of the bulls.
