$BTC

The price of Bitcoin is moving today within a limited sideways range between $103,700 and $108,000, amid a clear decline in trading momentum and a decrease in daily volatility, reflecting a state of anticipation before making a decisive direction. Technical indicators such as RSI and MACD show a clear neutrality, with the short and medium-term moving averages crossing at close levels, indicating the absence of a clear short-term trend. The strongest support is currently centered around the $103,700 area, which has formed a base from which the price has rebounded several times during the week, while the most prominent resistance barrier is at the $108,000 level, which the price has failed to surpass during several attempts.

In the backdrop of these movements, long-term positions are still accumulating by investment institutions despite the decline in individual investor sentiment. Additionally, the performance of the US dollar remains one of the influencing factors, as any decline in the strength of the dollar could support a resurgence in Bitcoin. From a technical perspective, the price's approach to the ends of the current symmetrical triangle may indicate an impending strong price breakout. The positive scenario requires a clear break above the resistance, while the sensitive support area remains critical to avoid a correction towards lower levels. The market is now in a phase of relative calm, but the indicators warn of an imminent decisive move in the coming days.