#Bitcoin Finds strong support near 50-EMA and now consolidating in the range 114k$-115k$.

Bitcoin broke below its lower consolidation level at $116,000 on Thursday, declining nearly 3% over the next two days. The drop brought BTC to a retest of its 50-day Exponential Moving Average (EMA) near $112,974, a zone that also aligns closely with the previous all-time high of $111,980—marking a significant support area.

After retesting this support, $BTC rebounded 1.48% on Sunday. As of Monday, the recovery continues, with the price trading above $114,500.

If this support zone holds, Bitcoin may continue its upward move toward the previously broken $116,000 consolidation level.