Bitcoin ($BTC ) has been experiencing a period of consolidation following its recent price movements. Looking at the daily chart, we can observe the formation of a potential pattern that traders are closely watching. The price is currently hovering around a key support level, and a decisive move above or below this point could dictate the short-term direction.

Momentum indicators are showing mixed signals, suggesting a lack of strong conviction from either bulls or bears. The trading volume has also seen a slight decrease, which often precedes a significant price action.

Investors are keenly awaiting the next catalyst, whether it's a major macroeconomic event or a breakthrough in regulatory news, to push BTC out of its current range. The cryptocurrency market remains volatile, and careful risk management is advised for any trading decisions.

BTC

90,118

+1.29%

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