Bitcoin's price has been consolidating within a $4,500 range since February 5, with significant resistance at $98,000. Recent data indicates that Bitcoin's price has fluctuated between $94,700 and $99,200. Key factors contributing to this stagnation include market uncertainty due to President Trump's announcement of a new 25% tariff on steel and aluminum imports, which has negatively impacted investor confidence. This has resulted in a sell-off within the crypto market, as investors fear potential inflation increases and possible interest rate hikes, making more stable investments like bonds seem more attractive. Furthermore, Bitcoin's trading is constrained by technical support and resistance levels: it must break above the 50-day simple moving average (SMA) around $99,709 to escape consolidation, while the 100-day SMA at $95,825 offers support. The presence of doji candlesticks suggests indecision in the market between buyers and sellers, indicating a potential breakdown could be imminent if it loses support at the 100 SMA. Without clear bullish catalysts, Bitcoin volatility remains skewed in favor of downside risks.

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