$BTC Bitcoin ($BTC) is trading within a narrow range, indicating a period of consolidation. The recent surge in buying pressure has pushed the price towards the $30,000 resistance level, but it seems the bulls are taking a breather.

The RSI is hovering around 50, suggesting a balance between buyers and sellers.

From a technical standpoint, the 50-day EMA is still above the 200-day EMA, maintaining a bullish trend. However, the Bollinger Bands are squeezing, which could lead to a significant price movement soon. Traders should keep a close eye on the $28,000 support level, as a break below could signal a deeper correction.

Conversely, a push above $32,000 could reignite the bullish momentum. With the market in a state of flux, traders should remain vigilant and adapt their strategies accordingly."