ChainCatcher news, according to Cointelegraph, market analyst Daan Crypto Trades stated that Bitcoin may continue to consolidate in the current range for a while, especially if the $90,000 level cannot be reclaimed. He pointed out that since March 11, the price movement of BTC has been "volatile." However, if the price returns to the previous range (above $90,000), sentiment and momentum will shift back in favor of the bulls, and once that happens, Bitcoin could quickly reach new highs. But if it fails to break through $90,000, Bitcoin may retest the price levels of $73,000 to $74,000.

ChainCatcher news, anonymous trader Daan Crypto Trades told his X followers that the weekly closing price of Bitcoin doesn't look "the cleanest," but he stated that this won't have much impact ahead of the upcoming elections. Instead, he predicts that Bitcoin is likely to "experience at least 10% volatility, depending on who ultimately wins the election this week."