Analyst “Bitcoin, When The Quiet Flow Ends, Big Change Will Come”

Bitcoin has recently been fluctuating within a narrow box range, raising the possibility of a significant movement soon in the market. Analyst Daan Crypto Trades, who has approximately 400,000 followers, diagnosed on X that "currently, the Bitcoin market appears to be waiting for a large fluctuation."

He analyzed, "Based on the 4-hour chart, Bitcoin is moving sideways near 105,000 dollars, a midpoint of the box range and overlapping with the monthly opening, and this section is signaling increasing downward pressure." He further added, "Statistically, there is a high possibility of significant price fluctuation within this week, or at the latest, within this month."

Market participants are currently maintaining a cautious stance, unable to find direction due to a mix of factors such as the US Federal Reserve's interest rate decision, geopolitical variables, and ETF fund inflows. However, with the ongoing struggle around major support and resistance levels, a strong breakout or collapse is expected to determine Bitcoin's next move.