Bitcoin (BTC) is currently consolidating near $105,470, with resistance at $106,000–$106,500. Analysts suggest BTC may face a deeper correction if bulls fail to regain momentum above this level. Short-term indicators show mixed signals, with Bollinger Bands tightening, suggesting an incoming volatility surge. If BTC breaks above $106,000, a rally toward $108,393–$110,000 is possible. However, rejection at resistance could lead to further downside.