Bitcoin has experienced an impressive surge, increasing by over 728% since its 2022 lows. The current price range between $100,000 and $110,000 signals a period of consolidation following this significant rally. Experts attribute the current market cycle’s slow down to broader factors like expansion in DeFi applications and increased institutional investments, which have contributed to Bitcoin’s strong performance over recent months. 728% growth underscores a remarkable run, though it’s important to note that longer cycles tend to be followed by periods of adjustment or correction. This could suggest a plateauing effect before renewed growth emerges. While short-term volatility has decreased, the market remains dynamic as traders navigate support and resistance levels, and they anticipate where price will trend next.