Bitcoin Ranges Tightly, Eyeing Breakout From $106K to $101K Zone

Bitcoin is currently trading in a tight range between $106,500 and $101.8K as traders await a breakout or breakdown signal. Institutional investors are shaping the current resistance and support levels for Bitcoin, with buyers needing to push above $106.6K for further upside. While recent price weakness has occurred, the ascending trendline and key demand zone remain supportive for a bullish outlook.