Bitcoin (BTC) is trading around $108,566.75 USD, with a minor pullback noted in recent market activity. The price has been rangebound near $109,000 after reaching a recent high, reflecting a consolidation phase following a strong uptrend. The market sentiment remains cautiously optimistic, with traders eyeing key resistance and support levels for the next move.

It remains in a strong uptrend but is currently consolidating around $108,566–$109,600 as it tests the $110,000 resistance. The market is at a pivotal point, with bullish momentum supported by technical patterns and declining exchange reserves, but short-term risks of a pullback persist due to resistance and easing momentum. Traders should monitor key levels ($110,000 resistance, $106,610 support) and external events like the Bitcoin 2025 Conference for potential catalysts.

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