Bitcoin slows near $ 104,700 as a price consolidation within range

Bitcoin was traded laterally from the week, and the price was stuck between $ 10700 support and resilience to $ 104,700. The lack of volume and upright behavior suggests that the break is still ongoing.

Bitcoin (Btc) It experienced an unusually slow movement of prices this week, consolidating between clearly defined levels of support and resistance. The traders carefully monitored the level of H2,700 and $ 104,700, which now serve as the lower and upper limit of the current trading range. Despite repeated tests of both levels, BTC failed to crucially not crucial moves outside the zone, indicating that the market remains in the phase of accumulation or indecision.

Key technical points

• Defined trading range: The price is oscillates between $ 100,700 support and resilience to $ 104,700
• Main resistance: $ 104,700 acts as resistance to merging (value area high + range high)
• Lack of volume: Low participation is suppressed any potential passage

BTC is clearly rotated between support to $ 100700 and resistance to $ 104,700, creating a well-defined scope that traders actively respect. And the range of low and high were held through the company during recent tests, confirming this zone as a dominant short-term structure. Resistance to $ 104,700 is particularly important, because it does not only represent a local range of high, but also aligns with high values ​​of high and point of control from current volume, increasing its role as a strong barrier.

From the perspective of the volume, Bitcoin is currently lacking swing. The volume profile is constantly decreases, contributing to semi-annual action and repeated unsuccessful attempts to interrupt. Without a noticed increase in redemption or pressure sales, BTC will probably not be violated convincing from the current range. This is harmonized with the patterns of more candles closes in the zone, a clear sign of market independence and a lack of condemnation and bulls and bears.

The current structure favors rotation strategy, where traders capitalize in the bounce between support and resistance. However, this setting will eventually give a place to stop when any side is gaining direction control. When that moment arrives, a strong inflow volume will be essential for confirming moving and avoiding faking.

What to expect in the upcoming price of the store

Unless bitcoin breaks over 104,700 USD or below $ 10000, with a clear spike in quantity, the price price will probably remain slow and tie up. The breakdown that supports powerful strength could open the door to the next leg larger, potentially targeting $ 107,000 of $ 110,000.

Until then, they should be expected to continue in lateral movement and pure rejection between support and resistance.