Bitcoin Price Ready to Break Out of Months-Long Trading Range

The price of Bitcoin (BTC) has been stuck in a trading range between $62,200 and $66,400 for months.

This consolidation has produced several clear reactions at both boundaries without a decisive breakout.

However, the setup is developing at a time when market positioning has become more complicated.

BTC outperformed major traditional assets on August 17, but its three-month performance relative to equities remains historically weak.

A sustained break of the $62,200-$66,400 range could provide the next major directional signal for Bitcoin and end months of range-bound trading.