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Bitcoin is currently trading in a range between US$105,000 and US$102,734, sitting at US$103,066. This price action indicates that BTC is waiting for a potential bounce. However, this cryptocurrency remains constrained and unable to break through significant resistance levels, highlighting ongoing uncertainty in the market.
The lack of volatility is preventing Bitcoin from making significant price movements. If the broader macro financial markets show improvement, Bitcoin could follow suit and break through the US$105,000 resistance. Positive momentum in traditional markets may provide the necessary push for Bitcoin to gain traction.