Golden Finance reports that research from on-chain analysis platform CryptoQuant shows that range-bound behavior will continue to frustrate Bitcoin bulls. Analyst Percival pointed out that the Bitcoin 14-day Volatility Index (CI) is in the early zone, showing a corrective trend during the consolidation period (Note: The higher the CI value, the more volatile the market conditions are, and the lower the CI value, the market trend is upward or downward. ), which means that in the short term Bitcoin bulls may see a slowdown in price discovery. Percival added that by looking at the actual price of short-term Bitcoin holders, it is possible to predict the strong resistance levels that the market may encounter. The first resistance level is $110,000, and a new BTC price consolidation may be around this price level.