Bitcoin's recent price action is telling an interesting story. After consolidating within a 60+ day range, BTC is now showing signs of a potential breakout that could mark the beginning of a significant upward move.

While some traders are positioning for downside scenarios with stop-loss orders below key support levels, the technical setup suggests a different outcome. The momentum indicators and price structure point toward renewed strength rather than continuation lower.

Given the current market structure and accumulated selling pressure being absorbed, a sharp rally toward the $100k+ zone appears likely to unfold within the next 7 days. The stage seems set for Bitcoin to shake out weak hands before making its explosive move to the upside.