Bitcoin Price Prediction: Bullish Momentum Wanes as Sideways Pressure Persists

The Bitcoin price currently hovers around $103,400 after failing to break through the $105,000 barrier earlier this week. Despite a recent rebound from a low of $100,762, recent trading activity indicates indecision, as indicated by tightening Bollinger Bands and a flattening RSI. The current sideways movement follows a multi-week rally that saw Bitcoin surge toward $105,787 before facing strong resistance near major Fibonacci levels.