Bitcoin is currently stabilizing within the $117K–$119K range, following a sharp retreat from its record highs near $124K. This consolidation is far from a sign of market fatigue; rather, it's the poised calm before what could be the next major breakout. The dominant macro headwinds remain U.S. inflation and interest rate dynamics, which continue to weigh on sentiment. Still, beneath the surface, institutional demand remains robust—ETF flows, fund allocations, and corporate treasuries continue to accumulate Bitcoin, reinforcing its foundational strength. Should BTC breach the upper threshold near $119K, we could see momentum carry it rapidly toward the $122K+ zone. Conversely, a slip beneath $117K may expose support down to $114K before buyers re-enter. In short: the market is wound tight, awaiting the catalyst that will determine which way the hammer will fall.
