Bitcoin (BTC) is currently trading at approximately $103,504, experiencing a slight decline of 1.78% over the past 24 hours.

Technical analyses suggest that Bitcoin is in a consolidation phase, often referred to as the "calm before the storm." This period of low volatility could precede a significant price movement. Analysts are closely monitoring key resistance levels around $108,300, as a breakout above this threshold may indicate a strong upward trend.

Market indicators, such as the formation of a descending triangle pattern and low volatility levels, support the possibility of an impending breakout. However, it's important to note that while technical patterns can provide insights, they do not guarantee future performance.

Investors should remain vigilant, as the current market conditions could lead to increased volatility. Monitoring support and resistance levels, as well as staying informed about market news, can help in making informed trading decisions.

*Disclaimer: Cryptocurrency investments carry risks. Always conduct thorough research and consider your risk tolerance before investing.*

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