Bitcoin’s $116K Barrier Holds Key: Consolidation Expected Before Next Move

Bitcoin continues to navigate a neutral-to-bullish consolidation phase, currently fluctuating between its 100- and 200-day moving averages. The crucial resistance for continued upward momentum lies at the $116K barrier, while the $109K region serves as a key invalidation point. Until one of these levels is decisively breached, the market seems likely to remain within its current range, accumulating liquidity and preparing for an anticipated significant price movement.