Bitcoin has been consolidating within a narrow range for the past seven weeks, building anticipation around its next major move. During this time, its dominance in the overall crypto market has risen steadily, surpassing 65%—its highest level since early 2021. This growing strength is also reflected in institutional interest, with spot Bitcoin ETFs witnessing $1 billion in net inflows over just two days. However, investor sentiment remains cautious amid rising geopolitical tensions and the looming risk of a global trade war, particularly following President Trump’s reaffirmation of an upcoming tariff hike deadline.
At the time of writing, BTC was trading at $109,450.
BTC, after making the all-time high of $111,980, witnessed a minor correction as the price fell by almost 12.25%, dropping to $98,200. The asset did not close below the key support level of $100,000 on the daily chart and bounced back to $108,800. On a broader time scale, BTC continues to consolidate and trade in a range from $100,000 to $110,000 with low volumes. Breakouts on either side, accompanied by strong volumes, will further determine the asset’s trend.
Key Levels:
| Support 2 | Support 1 | Asset | Resistance 1 | Resistance 2. |
| $90,000 | $100,000 | BTC | $110,000 | $125,000 |
Unravel everything that you need for your crypto journey via ZebPay blogs. Get started today and join 6 million+ registered users on ZebPay!
