Bitcoin’s price has experienced significant fluctuations in the past 24 hours, ranging between $112,000 and $115,000. The price briefly peaked above $115,000 before falling back down to around $113,000. While a general downward trend has been observed, there have been instances of upward movement. 8-hour chart analysis by Trade Tardigrade suggests a period of consolidation with Bitcoin’s price moving sideways for over 30 candles. This followed a false breakdown, which saw the price dip briefly below $113,000-$114,000 and then rebound quickly. According to Trade Tardigrade, this could signal bullish sentiment as sellers failed to maintain downward pressure, opening the door for a reversal. 30 candles of consolidation followed by a false breakdown may indicate potential for an upside move with the possibility of breaking above resistance levels in the near future. Resistance levels around $116,000-$118,000 have been repeatedly reached and broken. On the other hand, some analysts, like Broke Doomer, believe that a more cautious approach is warranted. He suggests Bitcoin may encounter a correction down to levels of $100,000-$95,000 before experiencing a significant rally towards new all-time highs, potentially exceeding $150,000 in the long term. However, he maintains that this is merely a temporary correction and doesn’t necessitate panic selling.