Bitcoin, the world’s largest cryptocurrency, has been in a tight range for weeks, oscillating between approximately $106,000 and $90,500. For many traders and investors, this price action has raised questions about when the digital asset will break out of this consolidation phase. According to veteran market analyst Peter Brandt, the time for Bitcoin’s next major move may be approaching, with a critical window between February 24 and February 26 offering an important clue.
In his latest analysis, Brandt emphasized that Bitcoin’s current price pattern displays significant symmetry, hinting that a breakout could occur soon. However, he remains neutral on whether Bitcoin will rise or fall, acknowledging that the market is currently at a crucial juncture.
Bitcoin’s Consolidation Phase: What Does it Mean?
The term “consolidation” refers to a period when the price of an asset moves within a certain range without making significant moves in either direction. For Bitcoin, this has meant fluctuating between $106,000 at the high end and $90,500 at the low end. While this sideways movement can frustrate traders looking for quick gains, it can also be a sign that the market is gearing up for a larger price move.
Brandt’s chart analysis shows a symmetrical price structure. This “internal symmetry” means that Bitcoin’s price movements over time have mirrored each other in a balanced way, with three peaks and four lows. Such symmetrical patterns in technical analysis often signal that a breakout is imminent, and Bitcoin could soon make a decisive move in one direction.
The Critical Date: February 24-26
Peter Brandt specifically pointed to the period between February 24 and 26 as a potential turning point for Bitcoin. According to Brandt’s analysis, this window could determine whether Bitcoin breaks through the $106,000 resistance level or drops below the $90,500 support level. Should Bitcoin manage to break above its resistance, the digital asset could surge to new highs. However, if it fails to hold above support, Bitcoin may experience a steep drop in price.
While Brandt did not predict which direction the market will take, his technical analysis suggests that this period will be crucial for Bitcoin’s next big move. Given the current price action and symmetry on the chart, both bullish and bearish scenarios are possible.
Bullish Scenario: Breaking Above $106,000
A bullish breakout scenario would involve Bitcoin breaking above the current resistance at $106,000. This would signal that the bulls are in control of the market and that Bitcoin could begin a new rally toward new all-time highs. The fact that Bitcoin has repeatedly held above its support level at $90,500 over the past few weeks shows the cryptocurrency’s strength in the current range, which could support a bullish breakout if momentum shifts.
For traders looking for clues, the $106,000 mark is particularly important. If Bitcoin manages to maintain price action above this level, the likelihood of an upward movement toward even higher prices increases significantly.
Bearish Scenario: A Fall Below $90,500
On the flip side, Brandt also outlined a potential bearish scenario. Bitcoin’s inability to break through the $106,000 resistance multiple times may signal that exhaustion is setting in among the bulls. In addition, the ADX indicator, which measures trend strength, currently stands at 31.80, indicating weak momentum for a sustained trend in either direction.
If Bitcoin falls below its support at $90,500, this could trigger a significant sell-off, with prices potentially dropping sharply. This would mark a bearish breakout, where the market shifts away from the current range-bound movement toward a downward trend.
Other Analysts Weigh In on Bitcoin’s Prospects
While Brandt’s analysis is certainly noteworthy, he is far from the only market expert offering predictions about Bitcoin’s future. Many prominent analysts have been weighing in on the current consolidation phase and what could come next for the cryptocurrency.
Crypto analyst Miles Deutscher noted that Bitcoin’s 30-day realized volatility is currently lower than it was during much of last summer. This lower volatility typically precedes major price shifts. Historically, Bitcoin tends to remain within a narrow trading range during periods of low volatility until a catalyst pushes the price in a new direction. In other words, the market may be waiting for a trigger to fuel the next big move.
Meanwhile, trader Don Alt has a bullish outlook on Bitcoin. He believes that the $99,000 to $101,000 range represents the final major resistance level before Bitcoin can enter a phase of price discovery. If Bitcoin can break through this resistance, Don Alt predicts that the cryptocurrency could see strong upward momentum, potentially leading to new all-time highs.
On the other hand, analyst Cas Abbé suggests that Bitcoin is currently in a Wyckoff Distribution phase, a pattern that often precedes a market top. Abbé predicts that Bitcoin’s price could reach as high as $120,000 in the short term before experiencing a period of choppy price action. According to Abbé, this could lead to further consolidation over the next few months, with another rally potentially taking place in the fourth quarter of 2025.
Bitcoin’s Current Price and What’s Next
At the time of writing, Bitcoin is trading at around $97,784, just below the $106,000 resistance. Traders and analysts alike are closely watching the asset’s price movements, especially with the critical window of February 24 to 26 approaching. While no one can predict with certainty what will happen, the upcoming period is expected to be a decisive moment for Bitcoin’s price action.
Whether Bitcoin will break through resistance or drop below support remains to be seen. Regardless of the direction, one thing is clear: the next few days could set the stage for a major price move that could shape the cryptocurrency’s future in the months ahead.
Conclusion
Bitcoin’s consolidation phase is drawing to a close, and the period between February 24 and 26 could be pivotal in determining the cryptocurrency’s next major move. Whether Bitcoin breaks higher or lower, its price is expected to make a decisive shift soon. As always, traders should remain vigilant and prepared for the possibility of volatility as the market enters this critical phase.
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