Bitcoin $BTC is currently in a consolidation phase, trading within a tight range between $100,000 and $110,000, with significant attention on a potential breakout. Multiple technical and fundamental indicators suggest that a decisive move is imminent:

Technical Compression: BTC has been locked in a narrow range for over six weeks, with volatility at some of its lowest levels this cycle. The Bollinger Bands have compressed to just a 7.7% range, a setup that historically precedes sharp moves—often upward in bullish environments.

Key Resistance Levels: Immediate resistance is at $109,700–$110,000. A breakout above this zone could clear the path toward $112,000 or even $137,000, according to technical analysts.

Institutional Demand: Despite recent price dips, U.S.-listed Bitcoin ETFs added $216.5 million worth of BTC in a single day, signaling strong institutional confidence and providing a buffer against downside volatility.

Long-Term Patterns: Some analysts point to a completed "cup and handle" pattern on the monthly chart, which, if it plays out, could target levels as high as $230,000 in the longer term.

Support Zones: BTC has reclaimed and held key support levels, notably around $104,400 and $107,244, which strengthens the bullish case if these holds persist.

Market Sentiment: Investors and analysts widely expect a breakout to new all-time highs in the second half of 2025, fueled by ETF inflows, corporate treasury buying, and potential regulatory clarity from Congress.