<ul data-eligibleForWebStory="false"><li>Bitcoin has been trading in a tight consolidation range below its all-time high of $112,000 since late May, indicating strong underlying strength as it hovers above key support levels.</li><li>The decreasing volatility of Bitcoin, signaled by a Bollinger Bands squeeze, suggests an imminent major move, historically preceding explosive price swings. Analysts foresee a probable upside breakout given Bitcoin's positioning and uptrend.</li><li>Macro-economic factors, such as the recent passing of a significant economic bill in the US and optimistic job data, are influencing investor sentiment in both traditional and crypto markets.</li><li>Technical analysis reveals Bitcoin's price struggles around the $109,300 resistance level despite holding above the 50 SMA and 100 SMA. A breakout above $109,300 on strong volume could propel Bitcoin towards its all-time high, while a dip below the 100 SMA might expose it to the $103,600 support zone.</li></ul>

Bitcoin Volatility Hits Bull Cycle Low – Bollinger Bands Signal Potential Breakout

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