Bitcoin appears to be forming a bullish range

Bitcoin appears to be forming a bullish range, suggesting the market is entering a correction and consolidation phase. The current trading range is observed between 108K and 113K, indicating that price action is stabilizing before a potential breakout.

Technically, this range-bound movement reflects market indecision and accumulation, often preceding a larger directional move. If BTC manages to close above 110K, it would signal a shift in momentum and the possible start of a new bullish trend.

In such a scenario, the next upside targets could be seen around 116K–118K, aligning with key resistance levels and Bitcoin is currently consolidating within a range between 108K and 110K. A confirmed breakout and daily close above 113K could signal further upside momentum.

You may find more details in the chart.
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