#Bitcoin today is experiencing a state of strong volatility, as the price moves within a narrow range between $117,000 and $118,000. Despite this slight decline, overall indicators remain positive, especially after the significant momentum the currency has witnessed over the past few days, supported by massive inflows from investment funds (ETFs) that pumped more than $1 billion into the market in a short period.
Investors are closely monitoring the level of $120,000$ as a key resistance, and if it is firmly broken, we may see a new upward wave towards levels of $124,000 - $127,000. Conversely, the strongest support currently lies at $112,000, which is a pivotal level to maintain the upward trend.
#BTC continues to affirm its position as a strong digital asset amidst the movements of global markets.
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