Bitcoin is currently trading just above $106,000, up about 1% today following a week of range‑bound action between $104,000–$108,000 . The broader crypto market has lifted slightly as investor risk appetite returned buoyed by both easing Middle East tensions and tempered expectations for U.S. rate cuts . Technicals show a consolidation pattern in play: BTC is squeezed within a symmetrical triangle and capped below its 200‑day EMA, with key support in the $103,400–$104,000 zone and resistance around $105,600–$106,700 . Analysts are split: some see the steady low‑volatility range as a bullish base before a breakout toward $120–$135 K later this year, while others warn a drop to $92 K is possible if macro risks re‑emerge .