Saylor Ready to Scoop Up Bitcoin Dip

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Bitcoin price remains stuck below $110K since May 23 and data suggest the pattern could continue for a few more days amid macroeconomic uncertainty.

Bitcoin price is stuck in a range, with overhead resistance at $110,000 continuing to obstruct a rally to new all-time highs.

Traders are in a wait-and-see mood due to uncertainty surrounding macroeconomic events.

Bitcoin’s bull run has stalled, with the price consolidating within a roughly $3,500 range since May 23. The $110,000 level proves to be a stubborn barrier.

BTC price has “broken out of the triangle pattern and is moving upward,” but a key resistance level is at $110,000, said analyst and trader BitMonty in his latest Bitcoin analysis on X.  

Over the past few days, Bitcoin bulls have made two unsuccessful attempts to break above the resistance at $110,000.

The trader pointed out that a breakout above this level could propel BTC to new all-time highs. 

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