Bitcoin is currently trading in a tight range between $107,500 and $109,600, with volatility decreasing as traders anticipate a significant move.
Analysts are divided on whether Bitcoin will break its all-time high near $112,000, with some predicting it will surge fueled by strong fundamentals, while others expect more consolidation.
Long-term holders (LTHs) are currently holding an average unrealized profit of 215% above their cost basis, which historically triggers these holders to gradually sell when profits exceed 300%.
The market awaits a breakout or breakdown as Bitcoin's resilience above $107,000 attracts bullish attention, with key technical levels indicating potential upside if resistance is breached.