Bitcoin Consolidation: The Calm Before the Move!!!

Bitcoin is currently consolidating between $102,500 and $105,000, forming a tight range that signals an upcoming significant move. This range has held for several days, indicating indecision in the market as traders wait for a breakout confirmation.

Two Key Scenarios:

Bullish Breakout:

If BTC breaks above $105,000 with strong volume, we could see momentum push the price toward the next major resistance levels at $108,000 to $115,000. This move would likely trigger increased interest in altcoins and potentially signal the start of a broader market rally.

Bearish Breakdown:

If BTC loses the $102,000–$100,000 support zone, it opens the door for a deeper correction into the Fair Value Gap (FVG) between $89,000 and $93,500. This scenario would likely trigger a wave of liquidations and short-term panic selling.

Conclusion:

BTC is at a decision point. Whether it breaks up or down will set the tone for the market in the short term. Traders should closely monitor volume, momentum, and key breakout levels to react accordingly.