Price Analysis View Non-AMP

Markets Trade at Equilibrium: When Will Bitcoin (BTC) Price Break Above the Range?

Published by
Sahana Vibhute

Bitcoin is stuck within a range between $67,000 and $70,000 without any major fluctuations. As the markets approach the weekend, traders expect a major twist. However, the crypto markets continue to possess less volatility after closing the month on a bearish note. This suggests that uncertainty over the markets continues to prevail, which may have a larger impact in the next few days. 

It’s been more than a year since the Bitcoin volume has slumped hard by over 80% and has failed to regain its levels. This suggests the market participants accumulated the tokens just before the start of the recovery phase. As a result, they may be waiting for the price to propel towards new highs, probably close to $100K. This may be the reason that the BTC price has been defending its support, as traders are extremely bullish on Bitcoin. 

The above chart, shared by Ali, displays the bullish sentiments of the traders. Over 37,000 BTC have been withdrawn from crypto exchanges in the past 72 hours. This could be the reason why the BTC price did not face an extreme pullback as predicted earlier. On the other hand, the spot ETF volume is also soaring significantly, as they have bought 857,700 BTC worth $58.60 in just 5 months. Hence, all fractals point towards a bullish perspective of the token, which may heavily impact the other altcoins as well. 

Bitcoin closed another monthly candle above support, which turned from being a resistance before the price broke out above the range. The price has been ranging sideways for the past few months, above the ATH. Therefore, if the price reciprocates its previous move of moving sideways before a big move, then a rise of above 150% on the current range may be expected, which may lift the levels not only above $100K but also above $150K.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

Recent Posts

DeFi Development Announces Plans to Raise $100M to Buy More Solana: What Next for SOL Price?

Solana (SOL) price has signaled a possible further correction after being rejected above $160 earlier…

July 2, 2025

U.S. SEC Approves First Solana, XRP, and Cardano ETF: Is the Altcoin Summer Next?

The altcoin market has followed Bitcoin (BTC) in midterm weakness, amid historical demand from institutional…

July 2, 2025

Which Meme Coin Triumphs in 2025? Dogecoin, PEPE or Neo Pepe Coin ($NEOP) For Best Crypto

Pepe's Resilient Rebound Over recent days, Pepe Coin (PEPE) has captured renewed attention from traders…

July 1, 2025

BBB Warns of AI Voice Scams Just as Graphite Network Launches Phonebook MVP That Offers a Web3 Fix

On June 25th, 2025, the Better Business Bureau (BBB) issued an urgent alert about a…

July 1, 2025

Elon Musk’s xAI Bags $10 Billion While Trump Fires Shots on Social Media

Elon Musk’s AI startup xAI has raised a massive $10 billion in new funding, giving…

July 1, 2025

Best Crypto to Buy This Summer, Ethereum (ETH) Runs Hot, But This $0.03 Token Looks Sharper With 2x Upside

With Ethereum (ETH) heating up again in early summer activity, large-cap investors are doubling down…

July 1, 2025