Last week in BVL060, Bitcoin had entered one of those stages where time seems to running out. One week later, the stalemate has only tightened.
Bulls push, bears respond. Bears push, buyers absorb. Price keeps returning to the same narrow territory, while volatility compresses and the market grows quieter with every passing session.
At first glance, it looks like more of the same. But markets can only remain this tightly balanced for so long.
The narrower the range becomes, the more pressure builds beneath the surface, and the less room remains for another uneventful week.
Bitcoin has spent weeks refusing to choose a direction. Something eventually has to give.
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