Bitcoin Price Consolidates Near $117K, BTC Bulls Eye Breakout

TLDR: Bitcoin price holds $112K support but must break $117K resistance to resume upward momentum. Low trading volume during consolidation signals market indecision on BTC’s next move. Bull and bear traps near $112K and $120K increase volatility and trader caution. US inflation data next week may influence Bitcoin’s ability to break out or fall back. [...]

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