Bitcoin is currently trading in the middle of a key price range around $104,600, according to analyst Daan Crypto.
If Bitcoin drops below $100K, there could be a larger correction lasting 1–2 weeks, but moving back above the monthly high could signal new all-time highs.
Despite short-term volatility, Bitcoin might range sideways without a breakout, cautioning traders to remain patient.
The next few weeks will be crucial as Bitcoin approaches the ends of the range to determine its future trend.