<ul data-eligibleForWebStory="false">Bitcoin is hovering near its all-time high of $111,900, but its rally has paused, reflecting growing investor uncertainty.Traders are hesitant to push the price higher without stronger catalysts, leading to muted demand and mild profit-taking.Analysts point to technical resistance near $110,000 and a potential shift in sentiment that could trigger a downturn.Bitcoin remains above its 200-day moving average, indicating a long-term bullish trend, but the market is awaiting a new driver for its next move.