Usman Salis
⬤ Bitcoin's been stuck in neutral for about a month now, barely budging from its narrow trading zone. The market's gone quiet—price action feels compressed, with BTC just grinding sideways without picking a clear direction. Looking at the 4-hour chart, you can see it bouncing around inside a tight range after that sharp drop we saw earlier.
⬤ After falling from around $100,000 in early November, Bitcoin hit a floor somewhere between $80,000 and $82,000, then bounced back a bit. Since then, it's just been treading water for weeks, bumping its head against resistance in the $90,000–$92,000 area while staying above the 100-week moving average sitting in the mid-$80,000s. The whole setup screams indecision—bulls and bears are basically in a stalemate right now.
⬤ The standout feature here is how compressed the volatility has gotten. Every push higher runs out of steam, but pullbacks don't go very deep either—they keep holding above major support. This kind of sleepy price action usually means fewer people are trading, and everyone's just waiting to see what happens next. There's growing chatter that things might heat up once the new year rolls around, but right now the chart isn't giving us any clues about which way it'll break.
⬤ Why this matters: When Bitcoin sits in a tight range like this for weeks on end, it's often the calm before the storm. History shows these low-volatility phases usually end with bigger price swings eventually. Nobody knows when or which direction yet, but the tightening range tells us something's gotta give at some point. For now, Bitcoin's just killing time in consolidation mode while traders sit on their hands, waiting for a clearer signal before making their next move.
Usman Salis
