By selhomarlopes on Skatehive
Bitcoin continues to trade within a relatively narrow range, oscillating between approximately $66,000 and $72,000. Based on current data (March 24, 2026), it is highly probable that BTC will remain "trapped" within this range over the coming weeks rather than decisively breaking through either extreme. 📈 Structural Improvement: The Floor is Rising It’s not just pure sideways movement. Technically, Bitcoin has been forming a clear sequence of higher lows since February. Late February: Bottoms were hit near $60k – $63k. March: Price reacted by creating progressively higher lows. Key Insight: This pattern is a classic sign of structural improvement. Sellers are losing momentum, and buyers are beginning to defend higher price levels. Why the Range Remains the Most Likely Scenario Current Price Action: BTC is compressed in a horizontal channel with low volatility (tight Bollinger Bands). It has repeatedly tested resistance in the $72k–$74k area and been rejected. Without strong volume, th