Bitcoin ($BTC ) is currently trading within a tight range around $107,000 to $109,000, signaling a classic consolidation phase after recent bullish momentum. This sideways movement reflects market indecision, where buyers and sellers are balancing each other out. While ETF inflows and rising stablecoin supply hint at potential upward pressure, on-chain data shows some long-term holders moving coins to exchanges—suggesting caution. Traders are watching closely for a breakout above $110,000, which could spark a rally toward $117,000 or higher. Until then, patience and risk management are key as Bitcoin prepares for its next major move.
