Bitcoin Consolidation Continues as Bulls Struggle for Momentum

Bitcoin (BTCUSD) Buyers are Yet to Assert Dominance

Bitcoin consolidation continues as bulls struggle for momentum. Price action remains restricted below the $107,000 resistance zone, with volatility lacking as bulls struggle to sustain a breakout. BTCUSD remains range-bound, with no decisive movement in either direction.

Bitcoin Key Levels:

Resistance Levels: $107,000, $110,000
Support Levels: $96,000, $91,500
Bitcoin buyers have been unable to push beyond the $107,000 mark, causing the price to stall near the $96,000 market zone. The Parabolic SAR indicator suggests persistent downward pressure, while the Stochastic Oscillator remains weak, indicating a decline in buying strength.

Sellers recently gained momentum following the $107,000 rejection, pushing the price lower. If bearish sentiment intensifies, BTCUSD could drop below $96,000, potentially testing the $91,500 support level. A bullish reversal would require a breakout above the $107,000 key level.

The market remains in a sideways phase with no clear signs of bullish momentum. The Parabolic SAR continues to indicate downward movement, and the Stochastic Oscillator shows weak buying interest. Until Bitcoin regains strong bullish traction, consolidation is likely to persist.

Market Expectation

Sellers are gradually gaining control as BTCUSD struggles to hold above the $96,000 key level. The Stochastic Oscillator suggests continued sell pressure in the short term.
If bearish momentum continues, BTCUSD may retest lower support levels before buyers attempt to regain strength. Traders relying on crypto signals will be watching closely for any signs of a breakout.

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