Bitcoin's Boring Flatline is Basically a Coiled Spring: Analyst

Bitcoin's price has been stuck in a holding pattern below $70,000, and according to one crypto analyst, that's actually a good sign. Yep, you read that right—the most exciting thing in crypto right now is watching paint dry on a chart, and apparently that's bullish.

The longer Bitcoin stays flat, the bigger the eventual move up could be, according to MN Trading Capital founder Michael van de Poppe. "The longer it lasts, the heavier the breakout will be," van de Poppe said in an X post on Friday. "Bitcoin remains stagnant in this area, which means there's literally no direction." Classic BTC: so boring it's almost interesting again.

Van de Poppe is watching for Bitcoin to break through $71,000, a level the asset hasn't touched since March 26. For those keeping track at home, that's roughly 47 days of watching grass grow, except the grass is a candlestick and your portfolio is the lawn.

Since hitting a yearly low of $60,000 on Feb. 6, Bitcoin has been trading in a narrow range between $60,000 and $74,000. At the time of publication, Bitcoin