Bitcoin consolidates near $107,880
Bitcoin is currently hovering at approximately $107,920, marking a phase of consolidation within the $102k–$112k bracket that has persisted since May investopedia.com +5 ainvest.com +5 bitcoinist.com +5 . This stability suggests an underlying accumulation trend, echoed by rising on‑balance volume (OBV) readings—a sign that investors may quietly be building positions cointelegraph.com +1 ainvest.com +1 . After reaching a fresh all‑time high near $112k in mid‑May, the leading cryptocurrency has settled into a sideways pattern. This pause follows a parabolic rise from around $93,700 in April, creating what chartists call a “bull flag”—a classic technical setup that often precedes a breakout . The immediate technical picture shows strong support levels at $103,600 and the psychologically significant $100k mark, while resistance awaits around $109k and the recent peak at $112k arxiv.org +7 ainvest.com +7 ainvest.com +7 . Analysts suggest a decisive move above $112k could trigger a run...