BTC CONSOLIDATESBitcoin / US DollarCOINBASE:BTCUSDScottMelkerBitcoin is clearly consolidating after its recent breakout above $112K. Price is chopping between roughly $116K and $121K, taking a breather after last week’s rally. Tuesday marked the highest daily close in BTC history, but follow-through has been muted so far. Volume is trending lower during this range-bound action, which is typical during consolidation. The 50-day moving average continues to rise and now sits around $110K, providing a strong cushion if price pulls back. The structure remains bullish above $112K, but traders are watching for a breakout above $125K to confirm the next leg higher. Until then, expect more chop as the market digests gains.