The Bitcoin market continues to experience volatility, with significant price swings in recent days. BTC initially dropped to $97K before surging to $106K. Currently, the price is consolidating around $102K, causing uncertainty among investors about its next move. Analysts have noted that Bitcoin has traded mostly at a discount on Coinbase compared to other spot exchanges, indicating increased selling pressure from US investors. A Coinbase premium typically signals strong demand from institutional and ETF buyers, but the current flat index suggests indecisiveness in the US market. Traders are closely watching whether BTC can break above $106K again to test the all-time high or if it will lose the $100K support level, leading to further downside and extended consolidation. The $110K level remains a key target for Bitcoin, and breaking and holding above it could initiate a new bullish phase. Analysts are divided, with some viewing the current consolidation as normal before a significant move, while others are concerned about a deeper correction if key support levels are not held. Overall, the market is awaiting a decisive price move to determine the short-term direction for Bitcoin.



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