Bitcoin Price Consolidates Between $54K-$62K Amidst Stalled Rally

Bitcoin's price has settled into a narrow trading range of $54,000 to $62,000 as investors await a new catalyst to break it out. Despite reaching an all-time high of $66,449 earlier this month, momentum has stalled and the cryptocurrency has dropped below $64,500.

Institutional investors remain cautiously optimistic about Bitcoin's prospects, but retail sentiment is fearful due to uncertainty over whether recent gains will sustain or fade.