Analysis of the current Bitcoin movement using the latest information
📊 Short-term technical forecasts
Main support: $112,000–$114,000 area (close to the 20 and 50-day moving averages).
Nearby resistance: $122,000–$123,000 range, which is a new peak recently recorded.
The likely scenario is sideways fluctuations or a slight correction towards $114,000–$115,000 before another attempt to break the peak.
🎯 What's next?
If it steadily exceeds $123,000, the price may rise towards $130,000–$135,000 with continued inflows and the formation of an upward trend.
However, if it retreats from the support of the moving averages, a temporary correction towards $110,000–$112,000 may occur.
