Bitcoin Consolidates Above $93K-$110K: A Pivotal Level for the Next Move

Bitcoin is currently holding steady above a crucial price range between $93,000 and $110,000. This area has emerged as a significant accumulation zone since late 2024, with long-term holders and institutional investors actively buying in this band, strengthening it as a reliable support level. Market analysts consider this pivotal level crucial for the next price breakout. Sustained trading above this range could signal a major bull run, potentially pushing Bitcoin prices to new highs. Conversely, if Bitcoin falls below this zone, it could indicate weakening momentum and trigger a broader market correction.