Bitcoin Near $70K but Going Nowhere: Analyst Says Boredom Wears Down Holders Faster Than Crashes

Bitcoin (BTC) briefly touched $70,000 on April 6, according to data from CoinGecko, then almost immediately fell back, leaving traders right where they have been for the last two months. Analyst Scott Melker has explained why that kind of stagnation can do more damage than a sharp drop ever could. The Sideways Trap Melker, known on X as The Wolf of All Streets, traced the current malaise to a low of $62,353 on Februa…