Bitcoin Enters Tight Range, Potential Breakout Looms

Bitcoin price is currently hovering around $103,360, with the Bollinger Bands tightening to levels not seen in recent weeks. This tight range signals a potential breakout could be on the horizon. Historical patterns show similar setups lead to significant price movements – both upward and downward. The question now remains: will Bitcoin break through resistance at $104,463, potentially soaring past $105,000 or slip below support at $102,219, leading to a revisit of the $100,000 area.