The price of #Bitcoin stood at US$118,351 yesterday, with a market capitalization of US$2.3 trillion and a global 24-hour trading volume of US$20 billion. The intraday price range was narrow, fluctuating between US$117,279 and US$118,445, indicating consolidation after recent volatility.

If the price surpasses US$119,000 with higher volume, a recovery towards US$122,500 is possible, while a break below US$116,500 could confirm a bearish reversal. This level remains critical to monitor, given the potential for a double top structure forming at recent highs.