$ENA

The price of Bitcoin is $114,930 on Tuesday morning, with a market capitalization of $2.28 trillion and a 24-hour trading volume of $34.71 billion. Over the past day, cryptocurrency trading ranged from $113,941 to $115,591, as traders navigate a consolidation phase after a significant rally in July. On the daily chart, Bitcoin is still in a corrective phase following a strong rally in July from around $105,130 to $123,236, representing a 17% gain. The price movement shows sideways action with a slight bearish bias after profit-taking at the peak. Current support is established at $112,000, with stronger support at $108,000, while resistance remains firm in the range of $116,500 to $118,000. Until the price breaks decisively above $118,000 on strong volume, the short-term bias leans toward bearish. The market is looking for a critical catalyst to set its next direction.