Bitcoin breakout odds climb as all-time highs meet $90K dip warning #Bitcoin is making traders wait even longer for a move out of its current range — but not everyone thinks that new all-time highs are a sure bet next.Significant” liquidity builds around BTC price

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD shuttling between $103,000 and $104,000 on the day.

Despite beating expectations, the latest US macroeconomic data in the form of the Consumer Price Index (CPI) and Producer Price Index (PPI) prints on May 13 and 15, respectively, failed to exert a strong influence on short-term price behavior.

Instead, traders focused on Bitcoin’s latest consolidation phase less than 10% away from new all-time highs.

“$BTC Has been doing roughly the same thing since the April lows. Move up, tight consolidation, new leg up,” popular trader Daan Crypto Trades wrote in part of ongoing X analysis.