Bitcoin Consolidates Between $100K–$110K, Traders Await Breakout
Bitcoin remains range-bound between $100K support and $110K resistance as traders weigh a potential breakout or breakdown. On the daily chart, BTC trades near $106K with an RSI around 51 and rising 100/200-day moving averages, indicating a bullish structure. A decisive daily close above $110K could trigger a strong breakout, while a break below the March trendline may drive prices toward channel lows near $100K. The 4-hour chart shows a rebound from $103K into a fair value gap at $106K, capped by a bearish trendline. A volume-backed move above this zone could retest $110K; otherwise, sellers may target liquidity around $102K–$100K. Spot Taker CVD data highlights renewed aggressive buying, suggesting large players are accumulating. Continued demand at key support levels could sustain bullish momentum, but any CVD weakness without price gains may foreshadow further downside. Bitcoin traders should monitor breakout levels and volume signals for short-term and medium-term positioning.
Neutral
The news highlights Bitcoin’s prolonged consolidation between $100K and $110K, with balanced long and short positions and neutral funding rates. Technical indicators point to a bullish structure, but traders remain cautious awaiting a clear breakout or breakdown. In the short term, a volume-backed move above $110K could trigger further gains, while a drop below key trendlines may lead to liquidations near $100K. Long-term holders may continue to accumulate within the range, supporting market stability. Overall, the setup suggests limited directional conviction until price action confirms a decisive move, resulting in a neutral impact on Bitcoin’s price trajectory.