Bitcoin Consolidation at $106K: Will Bulls Hold Firm?

According to MakroVision Research, Bitcoin’s recent price action hints at a period of consolidation near crucial support levels that could significantly influence its future direction. After experiencing several days of selling pressure, the cryptocurrency has settled around the 0.382 Fibonacci retracement level near $106,500, an area aligning with a key ascending trendline. The report highlights that this zone will determine whether Bitcoin rebounds or if it continues to extend its correction.