Bitcoin's (BTC) market has been experiencing fluctuations, seeing a 9% increase in the last month but a 3% drop in the past week. The cryptocurrency's market cap stands at approximately $2 trillion, indicating overall stability. Despite recent minor setbacks, BTC seems to be in a consolidation phase, with its EMA lines closely aligned and DMI chart suggesting a relatively weak trend strength.

At the same time, the number of BTC whales, individuals holding significant amounts of the cryptocurrency, has decreased to the lowest level in a year, currently standing at 2,035 addresses. This decline points towards a potential selling trend among large holders. With key support at $101,300 and resistance at $105,700, the next movements in BTC's value will be crucial in determining whether it continues consolidating or makes a push towards $110,000.

The Bitcoin DMI chart reflects uncertainty, with its ADX hovering around 16.6, indicative of consolidation. The current +DI at 17.5 and dropping -DI at 23.8 show alleviated bearish pressure, potentially paving the way for consolidation.

Monitoring BTC whales remains vital as they possess a significant portion of the Bitcoin supply and can influence market trends. The recent decline in whale addresses may suggest a redistribution of assets, affecting market dynamics and possibly adding selling pressure. However, new accumulation could reverse the trend and provide stability to the market.

Looking ahead, Bitcoin's price could face further consolidation, with support levels at $101,300 and a potential drop to $99,400 if support is breached. On the upside, breakout above $105,700 may lead to a push towards $107,000 and $108,500, setting the stage for Bitcoin to reach $110,000 in the near future.