📉 Current Price: $114,270.17
📊 Market Cap: $2.27T | 24h Drop: -0.49%
🔄 Volume (24h): $58.84B
Bitcoin holds strong at the $114K mark, showing resilience despite recent macroeconomic pressures. While the daily dip seems minimal, BTC trades just above a strong support zone. On-chain data from Glassnode shows HODLer conviction remains high, with exchange outflows hitting a monthly peak.
Technicals indicate consolidation within a symmetrical triangle. A breakout toward $120K is possible if U.S. inflation data remains soft. However, any break below $112K could see a pullback to $108K.
🎯 Projection: Targeting $120K–$125K in a breakout scenario, contingent on macro catalysts.
💡 Strategic Insight:
Stay patient. This phase of accumulation may precede an explosive move as institutional flow builds.
