$BTC

The price of (BTC) is currently moving sideways within a narrow range between $103,100 and $104,300, following a strong breakout from a widening wedge pattern on the four-hour time frame. This sideways price movement appears to be a typical consolidation phase, and is likely to serve as a temporary pause before the next significant move.

If the price can break above the $104,300 level and hold above it, that could open the door for continued upward movement towards the next major resistance levels at $107,800 and $108,500. This area has historically been a strong supply zone, so it is definitely worth monitoring.

However, if the price of Bitcoin fails to rise and breaks below the $103,100 level, there is a strong possibility that it will pull back towards the previous breakout area at $99,400 and $97,800. This area is expected to form strong support, especially since it was a major resistance that turned into support on both the four-hour and daily charts.

Currently, the price still shows overall strength, but it is in a neutral zone - so waiting for a clear breakout of this range may provide clearer opportunities.