Bitcoin Stuck in $60k‑$67k Range as Traders Warn Against Overtrading

Bitcoin has been trading within a narrow band, with support near $60,000 and resistance between $66,000 and $67,000. Analysts note that the market is in a consolidation phase rather than the start of a new trend, and that frequent trading in such sideways conditions often reduces net returns. Michaël van de Poppe emphasizes that overtrading is a major risk, advising patience and the possibility of staying out of the market until a clear direction emerges.

A separate trading call urges investors to take a leveraged long position on BTC/USDT, targeting price levels up to $112,800 and recommending a stop below $59,000. The recommendation highlights the belief that the bullish accumulation period has ended and that higher prices are likely, while also noting that the advice is not financial counsel.