- Daan Crypto notes Bitcoin remains capped below the stubborn $93K–$94K horizontal resistance cluster.
- Sharp buyback after initial sell-off at December monthly open shows buyers are defending, but range persists.
- A confirmed break and close above $94K is required to unlock the next impulsive move higher.
Daan Crypto Trades delivered a no-nonsense update on Bitcoin’s current state: nothing has changed until price conquers the $93K–$94K ceiling that has rejected bulls for weeks. “$BTC No changes here. Still stuck below the $93K–$94K resistance. Just ranging for the time being,” Daan posted on December 5, sharing a clean monthly chart that highlights the thick red supply zone sitting directly overhead. That same area coincides with prior swing highs from late 2024 and the psychological $94K round number—making it one of the heaviest resistance pockets of the entire cycle so far.
A follow-up chart from December 3 showed the initial reaction at the monthly open: bears attempted to drive price lower, only to be met with aggressive buying that quickly reclaimed the level. “Sharp buyback after the initial sell off right at the monthly open. Something we were watching for as those kind of moves rarely stick,” he noted at the time. Yet even with that strong defense, Bitcoin has failed to generate follow-through, instead chopping sideways in an increasingly tight range.
For Daan, the message is straightforward—until BTC delivers a decisive weekly or monthly close above $94K, the path of least resistance remains two-sided. The longer the consolidation drags under this supply, the more explosive the eventual breakout (or breakdown) becomes. Historical precedent from similar multi-month ranges in 2021 and 2024 supports the idea that once this zone finally cracks, momentum tends to accelerate fast.
Market participants are split: some see the tight range as distribution before a deeper correction, while others view it as classic re-accumulation ahead of the final parabolic phase. Daan stays neutral until the chart gives its verdict. Bottom line from one of crypto’s most consistent traders: respect the range, watch $93K–$94K like a hawk, and don’t force direction. When Bitcoin eventually chooses, it rarely looks back. For now, the king is still waiting for its coronation above $94,000.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
