The Bitcoin ($BTC ) market is currently experiencing a period of relatively stable consolidation, hovering around the $105,000 mark. The global cryptocurrency market cap is at $3.40 Trillion, with Bitcoin maintaining its dominance.

Recent price movements have been influenced by geopolitical tensions, leading to some fluctuations, though a quick rebound suggests underlying resilience. While some technical indicators point to a "hold" position for short and medium terms, with resistance at $106,000, veteran traders warn of potential sideways consolidation echoing patterns seen before past price corrections.

Despite these cautionary notes, Bitcoin's fundamentals remain strong, with continued institutional interest evident in recent spot Bitcoin ETF inflows. The market is watching closely for further catalysts, with a range-bound trading expected in the near term.