Bitcoin Consolidation Continues Amid Macro Uncertainty

Bitcoin has rebounded modestly after a period of sideways trading, but its short-term direction remains unclear. The cryptocurrency is currently confined to a narrow consolidation range with a Relative Strength Index (RSI) near 50, indicating balanced buying and selling pressures.

The recent move comes after a 24-hour gain of approximately X%, with Bitcoin trading at around [Price] as of [Time] UTC. This price action is consistent with broader market sentiment, which remains cautious amid macroeconomic uncertainties and regulatory developments.

On-chain data shows that long-term holders are continuing to accumulate, while short-term traders appear to be reducing their exposure. This divergence often precedes a period of heightened volatility, but the timing remains uncertain.