Bitcoin is currently navigating a consolidation phase characterized by analysts as ‘healthy but fragile’. This period follows a notable slowdown in profitability gains and indications of seller exhaustion.
The market pullback appears to be stabilizing, though its fragility underscores ongoing uncertainty. A significant concentration of liquidity resides within the critical support zone ranging from $115,000 to $120,000, with particularly high focus around the $115,000 level.
This liquidity concentration is a key factor influencing near-term price movements, providing potential support against further downside. While the consolidation signals a pause in the previous rally dynamics, the fragility suggests caution is warranted as the market seeks clearer directional signals.