Bitcoin (BTC) has been trading between $112,000 and $118,000 for the past month, indicating potential short-term overheating and market weakness. Analysts highlight the need for clear catalysts to break this range, despite long-term bullish expectations. On-chain data shows a decrease in the SOPR index and profit supply, suggesting reduced selling pressure. However, technical analysis points to a rising wedge pattern, which could indicate a potential downside break. Increased whale selling activity is also contributing to downward pressure. Despite these challenges, some experts remain optimistic about Bitcoin's long-term prospects, citing historical cycles and macroeconomic factors.