What’s Keeping Bitcoin Trapped in a Range?

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Bitcoin price remains stuck under $112K since May 23, and data suggest the pattern could continue for a few more days amid macroeconomic and geopolitical uncertainty.

Bitcoin price is stuck in a range, with overhead resistance at $106,000 continuing to obstruct a rally past $112,000.

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

Bitcoin seems to have paused its bull run, with the price consolidating within a roughly $10,000 range over the last five weeks, as the all-time high around $112,000 remains a stubborn barrier.


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