Crypto analyst Daan warns that while Bitcoin’s price nears a breakout point, the market is currently in a period of consolidation marked by a symmetrical triangle pattern on the BTC/USD chart. This often leads to false breakouts before reversing direction. Despite this uncertainty, Bitcoin’s strength is evident through the persistent spot premium, fueled by institutional investments like Saylor’s holdings and ETFs. This support has helped keep prices stable during the sideways phase. However, Daan highlights that low funding environment mitigates risks of sudden market shifts. While long positions are still active, they’re less susceptible to unwinding without the traditional funding payments. His analysis suggests traders be cautious as breakout signals may provide opportunities but false moves are also likely before direction becomes clear. The future trajectory of Bitcoin remains a key focus for investors.