Bitcoin’s price remains below 105,000 USD, facing resistance to significant breakthroughs. Recent patterns exhibit a consolidation phase, with Bitcoin fluctuating between 101,500 USD and 105,000 USD. Market participants show increasing impatience, hinting at a possible upward price trend in the near future.
Large liquidity blocks around 105,000 USD to 110,000 USD are impeding Bitcoin’s price from escaping the current range. Analysts suggest a breakthrough may require a strong catalyst or supportive market conditions, as recent market behavior reflects traders’ cautious sentiment.
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