$BTC continues to trade in a consolidation phase after its strong rally earlier in the cycle. Price action shows reduced volatility, suggesting the market is pausing to absorb recent gains. From a technical perspective, Bitcoin remains above key long-term support levels, indicating that the broader bullish structure is still intact, though short-term momentum appears neutral.
On the fundamental side, institutional interest remains a major support factor, driven by increased adoption, ETF-related inflows, and Bitcoin’s role as a hedge against macroeconomic uncertainty. However, tighter monetary conditions and profit-taking pressure are limiting immediate upside.
Overall, Bitcoin is in a wait-and-see phase: a breakout above near-term resistance could reignite bullish momentum, while a loss of support may lead to a deeper corrective move before the next trend develops.
