Why is Bitcoin price stuck?

Bitcoin price remains stuck below $110K since May 23 and data suggest the pattern could continue for a few more days amid macroeconomic uncertainty.

Key points:

Bitcoin price is stuck in a range, with overhead resistance at $110,000 continuing to obstruct a rally to new all-time highs.

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

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