$BTC is trading at approximately $103,166, reflecting a slight decline of 0.48% over the past 24 hours. Despite briefly approaching $105,000 earlier this week, BTC has encountered resistance, leading to a period of consolidation.

Technical indicators present a mixed outlook. The 50-day Simple Moving Average (SMA) stands at $95,063, above the 200-day SMA of $83,520, suggesting a bullish trend. However, the Relative Strength Index (RSI) is at 41.9, indicating neutral momentum, and the Moving Average Convergence Divergence (MACD) line is below the signal line, hinting at potential bearish momentum.

Support levels are identified between $85,000 and $92,000, where substantial buying interest exists. Resistance is anticipated near $107,000, with a potential upside target around $120,000 if bullish momentum resumes.

Market sentiment remains cautious, with a shift in investor interest toward altcoins like Ether, XRP, and Solana, which have outperformed BTC in recent sessions. Additionally, macroeconomic factors, including inflation concerns and tariff policies, continue to influence market dynamics.

In summary, while BTC maintains a bullish long-term trend, short-term indicators suggest a period of consolidation. Traders should monitor key support and resistance levels, as well as broader market sentiment, to navigate potential price movements effectively.