Bitcoin Nears $107,000: Will Golden Cross Spark Breakout?

Bitcoin’s price action remains confined within a narrow range, with the crucial $107,000 level acting as a potential breakout target. A golden cross technical setup is forming, echoing a 62% rally seen after a similar pattern in late 2024. Despite this positive signal, caution prevails, reflected in whale selling and rising stablecoin reserves. While ETF-driven demand continues to fuel market expectations, traders remain cautious, waiting for confirmation before entering the next phase of the move.