Why is Bitcoin price stuck?

Bitcoin price remains stuck under $112K since May 23, and data suggest the pattern could continue for a few more days amid macroeconomic and geopolitical uncertainty.

Key points:

Bitcoin price is stuck in a range, with overhead resistance at $106,000 continuing to obstruct a rally past $112,000.

Traders are in a wait-and-see mood due to geopolitical and macroeconomic uncertainty.

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