Bitcoin traders are currently exhibiting caution, with a noted reluctance to buy the cryptocurrency as it navigates below its all-time high of $111,970. Analysts from Bitfinex have pointed out that without new catalysts or clearer macroeconomic indicators, bulls are unable to push prices significantly higher. Currently, Bitcoin is priced at $108,560, having increased by 2.15% over the past week. Analysts describe the market as being in a 'delicate equilibrium,' with traders still waiting for clear direction amidst a tight consolidation range between $100,000 and $110,000. While social media sentiment towards Bitcoin is notably bullish, similar past surges in optimism have led to price declines. Recent geopolitical tensions appear to be easing, contributing to a neutral-bullish sentiment among traders. In summary, the market remains tentative, with a critical focus on potential triggers for breakout momentum amidst current trading conditions.

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