Bitcoin Consolidates Near $114K While Eyeing New ATH
Bitcoin is currently consolidating around the $114K mark after experiencing weeks of market volatility. The price actions exhibit mixed signals across various timeframes, creating uncertainty for traders. The daily chart indicates that momentum may be fading at this level. Conversely, the 4-hour chart highlights a tightening structure close to key resistance areas. As Bitcoin navigates this critical phase, traders must stay alert for potential breakout opportunities or corrections. This stage is crucial for those looking to take advantage of price swings as Bitcoin aims for a new all-time high. Keeping an eye on trading volume and market sentiment will be essential in predicting next movements.