$BTC Market Update – Sideways Phase Before the Next Move!Bitcoin / TetherUSBINANCE:BTCUSDTCRYPTOMOJO_TABTC Market Update – Sideways Phase Before the Next Move! After reaching its all-time high in October, Bitcoin dropped to the $84.4K level, which acted as strong support for a period of time. From November, the market entered a sideways consolidation phase that lasted around 2 months and 10 days. Once that $84.4K level was broken, BTC saw a sharp decline down to the $60K zone in early February. Since then, the market has once again moved into another sideways structure, and it has now been 44 days of consolidation. Current Structure Right now, BTC is trading just below a key daily resistance around $70.74K, which is proving difficult to break. As long as price remains below this level, upside momentum is limited. On the downside, the key level to watch is $62.7K. This is the major support level that needs to break for the market to continue moving lower. Until that happens, the market is likely to continue ranging sideways. Possible Scenarios 🔹 Scenario 1: Price gets rejected from the $70.7K resistance, continues moving sideways, and eventually breaks down toward the $63K zone. 🔹 Scenario 2: BTC pushes slightly higher, possibly retesting the descending trendline (black line), and then faces rejection, leading to a move lower. What History Suggests The previous consolidation lasted about 70 days. So far, we are at 44 days, which means we could still see another ~20 days of sideways movement. Based on this pattern, a potential breakdown below $62K could happen around the second week of next month, but this is not guaranteed, just a projection based on historical behaviour. DYOR, NFA #Bitcoin #BTC