Bitcoin’s weekly price action is sending mixed signals, with prominent trader Daan Crypto Trades pointing to clear market indecisiveness.
After a failed breakdown from the $100K support last week, BTC has now posted a flat candle with wide wicks—showing both bullish and bearish attempts that ultimately canceled each other out.
“This week we saw the opposite [of last week’s bounce] paired with some good headlines initially, followed by bad ones,” Daan noted, emphasizing how news flow is contributing to erratic price moves.
The chart illustrates Bitcoin’s inability to hold above the $108K level, which Daan considers the key threshold for a bullish confirmation.
Market Outlook: Neutral Until Breakout
According to Daan, a convincing break and weekly close above $108K is needed to validate further upside. Until that happens, he remains cautious, favoring stablecoins with a reduced spot position—though he maintains some BTC exposure.
The current weekly candle reflects hesitation at a critical level, just below Bitcoin’s previous all-time high. Without a decisive move soon, the market may remain choppy and range-bound.
Key Takeaway
- BTC needs a confirmed close above $108K to break out.
- Current structure suggests indecision, with traders reacting to both bullish and bearish catalysts.
- Flat week with long wicks = classic sign of consolidation.
Until momentum builds in either direction, Bitcoin traders appear stuck in “wait-and-see” mode.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoin-stalls-below-108000-as-weekly-candle-reflects-market-indecision/