$BTC Bitcoin (BTC/USDT) is currently trading around 114,600 USDT, showing a short-term recovery after touching a local low near 112,380 USDT. On the intraday chart, the price is above the MA60 (114,375 USDT), which indicates short-term bullish momentum. The recent volume spike also suggests renewed buying interest.

Looking at the mid-term chart (daily candles), BTC recently rejected from the 124,474 USDT resistance and corrected to 111,920 USDT, forming a local bottom. The rebound toward 114,600 USDT suggests that buyers are defending the 111,000–112,000 support zone. However, the structure still shows lower highs compared to the recent peak, which means the market is not yet in a clear uptrend.

Key levels to watch:

• Resistance: 116,800 – 119,500 USDT, followed by 124,500 USDT.

• Support: 112,000 – 111,000 USDT, and if broken, risk extends toward 108,000 USDT.

Prediction: If BTC can hold above 114,000 USDT in the next sessions, it may retest the 116,800–119,000 USDT zone. A breakout above 119,500 could open the way back to 124,000 USDT. On the downside, losing 111,000 would likely trigger deeper correction.

👉 Overall trend: Short-term bullish recovery, but mid-term still cautious with strong resistance overhead.