<ul data-eligibleForWebStory="true"><li>Bitcoin is nearing a critical juncture where a breakout is expected to trigger a significant directional move.</li><li>The current total displacement between monthly high and low is just 10.3%, which is historically low.</li><li>In the past four years, Bitcoin has consistently surpassed this range by the month's end.</li><li>Analyst Daan suggests that a trending month is likely once the current levels are breached.</li><li>A breach of either the monthly high or low could lead to increased volatility and trend momentum.</li><li>Daan recommends momentum strategies for traders to capitalize on the potential breakout.</li><li>He believes that market extensions are probable upon a confirmed breakout.</li><li>Bitcoin is currently in a tight trading range, with focus on whether bulls or bears will dominate.</li><li>Analysts see Bitcoin targeting $120,000 while altcoins show signs of a historic breakout potential.</li></ul>

Bitcoin Poised for Major Move as Monthly Range Narrows, Analyst Says

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