Bitcoin's price is currently consolidating within a tight range of $100K to $110K, displaying a pattern of higher lows and lower highs, indicating compression.
Despite external uncertainties, Bitcoin has maintained its structural integrity within the range, with each pullback being met with stronger support.
The battle for Bitcoin's price action is concentrated within the $100,000–$110,000 range, forming a symmetrical triangle pattern.
Swissblock suggests that Bitcoin is absorbing stress and forming another higher low, hinting at an imminent breakout.
On-chain and trading volume data support the compression narrative, with high liquidity in the $100K–$110K range, signaling a potential launchpad for a directional move.
While a breakout direction is uncertain, reduced volatility in the short term indicates an upcoming significant price move.
Analysts caution that Bitcoin's technical setup is nearing its apex, with momentum favoring the bulls as long as higher lows are maintained above $100K.