Bitcoin’s Price Action Enters Tight Range Amidst Uncertainty

Bitcoin continues to trade in a narrow range between $93,881.20 and $95,443.88, reflecting uncertainty in the market. An ascending triangle pattern suggests a breakout is likely, driven by weakening resistance levels. If Bitcoin breaks through the $95,443.88 level, it could rise to $98,000. However, if it fails, prices might fall towards $93,881.20. Analysts note positive signs on the 4-hour chart for a potential breakout due to diminishing price momentum in recent hours but increased volume could enhance this move.