$BTC Price has been stuck in this range for about 2.5 months now. Historically, whenever Bitcoin has ranged for such a long period of time, a decisive move has followed. The last three times this happened, it took 64–114 days for a breakout, followed by at least a 14% move. Since Bitcoin has only been in a bear market for a little over six months, and we still haven’t seen many signs of a true bottom formation, I’m highly convinced the next breakout will be to the downside. If this time plays out similarly to the ones before we likely still have some time left before this breakout occurs. Should my scenario play out and we see a break below the lows, this could result in a rapid correction, bringing price toward the lower end of the $50K region.