Bitcoin’s Consolidation Signals a Potential Breakout: Analyzing its Technical & On-Chain Trends

Bitcoin has been showing mixed signals in recent weeks, consolidating around the $114,000 level before potentially breaking out to new all-time highs. While technical indicators suggest momentum is waning on the daily chart, the 4-hour chart hints at a potential breakout near key resistance. On-chain data reveals growing accumulation despite this price action.