Bitcoin remains relatively steady, trading around $110,709 after once again facing resistance near the $113,000 level. With a market capitalization currently standing at $2.20 trillion, the leading cryptocurrency continues to dominate the digital asset space. Despite several attempts to push higher, repeated rejections around the $113,000 mark have led to a period of consolidation, highlighting this area as a significant technical barrier for bullish momentum in the short term.
Over the past 24 hours, Bitcoin recorded a trading volume of $44.74 billion, reflecting consistent market participation even as price action tightens. Intraday activity has largely remained contained within a narrow range, fluctuating between a low of $110,339 and a high of $113,225. Such restricted movement indicates a phase of indecision, where traders and investors are waiting for stronger signals before committing to new positions.
This consolidation phase could either pave the way for a breakout above $113,000 if buying pressure intensifies or result in a pullback should bearish sentiment gain traction. For now, Bitcoin is holding firm, balancing between supply and demand, with market participants closely watching for the next catalyst that could determine whether the trend resumes upward or corrects lower.
