Bitcoin $BTC is consolidating around **\$113,000** after a sharp pullback from its **\$124.5k all-time high**. Price action remains range-bound, with bulls and bears battling for control as macro events and ETF flows steer sentiment.
📊 Market Snapshot
* **Current Price:** \$113,172
* **ATH:** \$124,500
* **Intraday High/Low:** \$114,726 / \$112,482
* **Trend:** Neutral-to-slightly bearish below \$115k–\$116k
🗺️ Key Levels to Watch
* **Resistance:** \$124.5k (recent ATH)
* **Pivot Zone:** \$113k (bull vs bear battleground)
* **Support 1:** \$111.9k–\$112k
* **Support 2:** \$107.4k–\$110k (possible liquidity zone)
📈 Scenarios (Next 3–7 Days)
**✅ Bullish Setup** → Break above **\$116k–\$118k** → Targets: **\$120k → \$122k → \$124.5k**
**🔁 Range Play** → Chop between **\$112k–\$115k**, fade extremes, quick profits
**🐻 Bearish Extension** → Daily close below **\$111.9k** → Targets: **\$110k → \$107.4k → \$105.2k**
🔑 Catalysts This Week
* **Jackson Hole (Aug 21–23):** Fed policy tone could swing risk assets.
* **BTC ETF Flows:** Recent outflows pressured price — inflows would boost recovery.
📌 Quick Takeaway
Bitcoin is **compressing around \$113k** after its ATH run.
* Bulls need a **\$116k–\$118k breakout** for upside continuation.
* Bears take charge on a **close below \$111.9k**.
* **Jackson Hole + ETF flows** are the big catalysts to track this week.
*⚠️ Not financial advice. Trade safe & manage risk.*
