Bitcoin is forming a descending wedge on the daily chart, with analyst Killa maintaining expectations that the market will remain range-bound. He said that even if price breaks out of the pattern, traders should watch for a potential fake breakout because the market has not yet spent enough time consolidating. Killa said markets spend about 80% of the time moving sideways and 20% in trends or pullbacks. After a strong rally, he expects Bitcoin to be more likely to enter a range-bound phase and warned against blindly chasing upward moves unless price action proves otherwise.