Bitcoin Price Prediction: Is a Breakout or Breakdown Looming?

Bitcoin’s price has remained steady around $110,900 after a turbulent August marked by price swings and macroeconomic uncertainty. Recent trends suggest a settling down of the market with improving sentiment fueled by ETF inflows, a more optimistic economic outlook, and increased activity in the derivatives market. Traders are keeping an eye on the crucial resistance level at $112K and the nearby support zone at $108K. Bitcoin is currently trading within this tight range.