Bitcoin Market Update
Bitcoin (BTC) is currently trading around $113,900, showing a period of sideways movement after pulling back from its recent highs near $124,500 earlier this month. Over the past week, price action has stayed within the $112,000–$115,000 range, signaling consolidation in the market.
Recent volatility has been linked to profit-taking and macroeconomic uncertainty, along with the liquidation of some leveraged positions. Despite this, BTC is still holding an important support level around $112,000, which traders are watching closely. A push above $115,000 could open the way to a short-term move higher, while a drop below support may invite further downside pressure.
Overall, the market appears to be in a wait-and-see phase, with traders focusing on upcoming economic events and technical levels to determine Bitcoin’s next major move.