📍 Current price: $113,956.12
📈 24h Change: +0.13%
🏦 Market Cap: $2.27T | 24h Volume: $55.81B
Current technical analysis:
Bitcoin is in a strong consolidation phase after surpassing the $110,000 range with key support at $112,000. The RSI indicator on daily timeframes remains in the neutral-high zone (63), suggesting room for a bullish impulse before a major correction. The Bollinger bands are tightening, which anticipates an imminent strong movement.
Short and medium-term projection:
If the pattern of institutional accumulation continues, it could reach $120,000 before the end of Q3. The structural support at $108,500 must remain strong to avoid a bearish reversal towards $102,000.
Expert opinion:
According to Markus Thielen, analyst at 10x Research, “ETF flows and geopolitical pressure are driving a strong bullish narrative for BTC as a financial safe haven.”
🔍 Technical reflection: Bitcoin has matured as a macroeconomic asset, and the next breakout will not only be technical, it will be narrative.
