Bitcoin is currently testing the resistance area once again. The volume is low due to the weekend, and we may see a significant move on Monday. A break and sustained hold above the $111,000 level will likely bring upward momentum to the market.
Bitcoin’s cost basis distribution shows support near $111K and heavy supply around $117K. This range defines the current battleground between recent buyers and profit-takers. A break in either direction could set the tone for the next major move.