$BTC is showing signs of recovery after a recent dip, currently trading around $114,753.77. The price has bounced from the support zone near $112,000, indicating buying interest at lower levels. This bullish reversal suggests renewed investor confidence, potentially signaling the end of the short-term downtrend. The daily candle patterns are forming a recovery setup, and increasing volume adds strength to the move. If momentum continues, $BTC may retest the resistance area near $118,000–$120,000. However, traders should remain cautious as volatility remains high. A sustained move above key resistance levels would confirm a stronger bullish trend in the coming days.

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