$BTC has experienced a period of consolidation following its recent surge. While it has maintained a strong position above key support levels, there's been some sideways trading as investors digest previous gains and look for new catalysts. Technical indicators show a mixed sentiment, with some pointing to continued upward momentum and others suggesting a potential for a minor correction before the next leg up.
The overall market sentiment remains bullish, driven by institutional adoption, increasing interest in ETFs, and the upcoming halving event. However, macroeconomic factors and regulatory news continue to play a role in short-term price fluctuations. Traders are closely watching for a definitive break above or below the current trading range to signal the next major move.
Here's a visual representation of some recent trends:
