Analysis "Bitcoin, Narrow Box Pattern Stalling…Explosive Movement Imminent"

CryptoQuant analyst Axel Adler Junior analyzed that Bitcoin is currently consolidating within a narrow price range based on the daily chart. He explained through X (formerly Twitter) that 'this is already the third time this pattern has appeared in this bull market, and there were three similar moves just before the 2018 rally.'

Adler predicted, 'While the price remains within a limited range, energy is gradually accumulating,' and 'there is a high possibility of a directional breakout soon, which could be quite explosive.' Market participants are noting that the current silence could soon lead to turmoil.