Bitcoin Price Stuck in a Tight Range: Volatility Drops, Trading Awaits Breakout

Bitcoin’s price has been stuck in a narrow range this week, with no clear direction after failing to break out from its recent peak. Low volatility suggests potential for false breakouts and trap setups, as traders await a decisive move that breaks the current stagnation. Traders are observing key levels of support and resistance to identify potentially misleading moves before jumping into trades.