Bitcoin is currently trading within a narrow range of 104,810 to 104,987 USD. The market shows indecision yet a bullish trend is possible if the price surpasses 106,000 USD, suggesting a potential rally towards 109,000 USD.

Indicators show mixed signals, yet moving averages suggest a bullish long-term outlook. Traders should remain cautious, as a drop below 102,000 USD could trigger significant bearish behavior.