$BTC Bitcoin’s price continues to hover in a defined range between $91,000 and $100,000, signaling a period of consolidation following its monumental rise to an all-time high of $108,000. With long-term momentum indicators resetting and the market digesting recent gains, Bitcoin appears to be in a holding pattern—a phase that may set the stage for its next big move.

**Patience: A Virtue for Bitcoin Holders**

For those holding Bitcoin, patience will be key in the coming weeks. The cryptocurrency is currently navigating a sideways trend, with momentum indicators on weekly and bi-weekly charts gradually cooling off. While occasional price spikes—up or down—are possible, they are likely to remain within the current range.

**Key Range Levels**

- Bottom Support: ~$91,000

- Top Resistance: ~$100,000

This consolidation is not without purpose. By maintaining its current levels, Bitcoin could build a solid foundation for the next phase of the bull market, as seen in its past cycles.

**Simple Moving Averages: What Do They Say?**

On the daily chart, Bitcoin’s simple moving averages (SMAs) provide critical insights into the market’s health:

- The **50-day SMA (blue)**, **100-day SMA (green)**, and **200-day SMA (red)** are aligned in a bullish order.

- However, the **50 SMA** shows signs of flattening, which often precedes a market correction.

If this trend continues, one of three scenarios may unfold:

1. **Double Top Formation**: A dip followed by a recovery to retest the $108,000 level.

2. **Reversal**: A significant decline marking the end of the bull run.

3. **Continuation**: The "kink" in the 50 SMA resolves, and Bitcoin resumes its upward trajectory.

**What’s Next for Bitcoin?**

For now, Bitcoin’s sideways movement serves as a breather after its explosive rally. This phase allows the market to establish stronger structures, which could support a renewed push upward. However, traders and investors must stay vigilant, keeping an eye on key indicators like the 50 SMA and overall market sentiment.

**Conclusion: The Calm Before the Next Big Move**

Bitcoin’s current consolidation is not a sign of stagnation but a preparatory phase for what’s to come. Whether it’s a breakout above $100,000 or a deeper correction, the king of cryptocurrencies is building momentum. As market conditions evolve, staying informed and patient will be crucial. The next stage of the Bitcoin journey could very well redefine its trajectory—are you ready to ride the wave? #Binance250Million #bitcoin

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