With Bitcoin currently hovering near key resistance levels, market participants are closely eyeing the next few weeks to determine whether it will break out or retreat within its established range. Technical analyst Daan highlights this pivotal period: ‘If price breaks either the current monthly high or low, I believe it will continue trending in that direction through the rest of June—and possibly beyond.’ Traders are watching these critical levels closely for confirmation. 2023 has seen Bitcoin’s volatility affected by headlines and geopolitical events. Daan warns, ‘the market going down on good news is something to note,’ suggesting a fragile undertone to current sentiment. While the short-term outlook remains dependent on maintaining this range, external factors such as geopolitical developments, particularly tensions in the Middle East, could impact momentum.