Bitcoin price action continues to reflect indecision following its sharp retracement from the all-time high at $112,000. After the surge from $100,700 in mid-May, the bullish momentum stalled, leading to a retracement that has gradually transitioned into a sideways consolidation. This range-bound movement has held for six consecutive days, capped between the Fibonacci 50% level at $106,400 and the 0.786% retracement support at $103,100.
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