Trader Notes: Cold Blooded Shiller noted that Bitcoin's recent attempt at a range breakout has failed, putting the broader range under its most serious pressure in nearly two years.
Despite this, price remains in consolidation, and historically, similar setups have often preceded a major directional move.
Byzantine General echoed that view, adding that after the failed breakout, Bitcoin now needs a strong push to regain momentum.
This is the first time in almost two years that the range has faced this level of stress, yet price is still holding within it, a structure that typically resolves with a significant move.
IntoTheCryptoverse founder Benjamin Cowen pointed out that in a midterm year, Bitcoin's bull market support band has effectively flipped into a bear market resistance band, at least until price can convincingly reclaim it.
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