#WalletConnect @WalletConnect $WTC Wallet
Bitcoin has captured the attention of investors and analysts alike, constantly fluctuating between periods of notable volatility and strong bullish impulses. In the last month, we have observed Bitcoin moving within a sideways channel, staying close to its current peak. This proximity to historical highs is, in itself, a positive sign as it indicates considerable resistance and the ability to maintain value even after strong increases. Being close to the peak, rather than far away, suggests a robust support base and sustained interest in the asset.
However, this apparent stability at the summit carries a double-edged interpretation. Each week that Bitcoin remains in this sideways channel without achieving an upward breakout, the market faces the question of whether there is enough strength to continue the ascent. The inability to overcome that key resistance can be interpreted as a lack of immediate catalysts or insufficient accumulation of buying pressure. This situation generates a debate between those who see a healthy pause before a new growth phase and those who perceive a slowdown in momentum.
