Bitcoin's price has been stuck in a narrow range between $67,000 and $70,000, with no significant fluctuations. As the weekend approaches, traders anticipate a major shift. However, the crypto markets continue to exhibit low volatility after ending the month on a bearish note, indicating ongoing uncertainty that may have a significant impact in the coming days.

It has been over a year since Bitcoin's trading volume plummeted by over 80% and failed to regain its previous levels. This suggests that market participants accumulated the tokens before the recovery phase began. As a result, they may be waiting for the price to surge towards new highs, potentially reaching $100,000. This could be the reason why the BTC price has been defending its support, as traders are extremely optimistic about Bitcoin.

The chart shared by Ali illustrates the bullish sentiment among traders. Over 37,000 BTC have been withdrawn from crypto exchanges in the past 72 hours, which may have prevented the price from experiencing a severe pullback as predicted earlier. On the other hand, the spot ETF volume is soaring, with 857,700 BTC worth $58.60 being bought in just five months. Therefore, all indicators point towards a bullish outlook for the token, which may significantly impact other altcoins as well.

Bitcoin closed another monthly candle above support, which previously acted as resistance before the price broke out above the range. The price has been trading sideways for several months above its all-time high. If the price follows its previous pattern of moving sideways before a major move, a rise of over 150% within the current range may be expected, potentially lifting levels above $100,000 and even $150,000.