Bitcoin has been stuck between $108K and $100K, showing an equilibrium between buyers and sellers. However, experts believe this calm period is temporary as the price will likely launch a new rally once the consolidation ends. 2023 saw Bitcoin reach highs exceeding $40,000; what factors might have driven this surge? Technical analysis reveals some clues: A lack of sustained price movement above the $108K level suggests profit-taking is occurring, leading to selling pressure and a slight pullback. However, the bullish momentum remains strong, evidenced by recent impulsive moves towards this resistance. The next move is expected once the current consolidation phase ends, with Bitcoin potentially retracing down toward the key $98K-$100K support range before rallying again. This could pave the way for a fresh attempt at a new all-time high in the coming months.