Bitcoin Price Stuck in Tight Range Near $107K as Pattern Indicates Potential Breakout

Bitcoin is currently trading within a tight range, exhibiting signs of potential breakout either upward or downward. 107,107 serves as key support and resistance levels while the 50-period moving average (MA) acts as near-term resistance just above current price levels. This pattern suggests compressed price movement with both the descending triangle pattern and moving averages adding structural pressure.