Bitcoin briefly dipped below the 104,000 dollar support level in the last 24 hours but recovered to approach 106,000 dollars. This price movement shows that volatility is still very high and indicates that it is trapped in a narrow price range for investors. Geopolitical tensions, particularly the crisis between Israel and Iran, are seen as one of the negative impacts on Bitcoin's price. On the other hand, according to Glassnode data, the number of addresses holding more than 1 Bitcoin has surpassed the one million threshold, indicating an increase in trust in BTC among investors. We can say that Bitcoin is currently in a consolidation phase. The 110,000 dollar resistance zone is a critical threshold. For an upward movement to occur, trading volume needs to increase. By planning risks correctly, this narrow price range can create short-term trading opportunities.