$BTC Bitcoin is currently experiencing a moment of tense anticipation.

After rising to $124,000, the price has corrected — at the moment, BTC is trading around $112,249. This is a natural pullback, but in the current context, it has become a focal point of attention.

The market is closely watching the level of $116,800. This is not just a number — it is an important zone, and breaking through it could trigger a new wave of growth. If Bitcoin surpasses it and consolidates above, we could see a rapid movement towards $120,000 and beyond.

Interestingly, against the backdrop of this phase, BlackRock has transferred over 10,000 BTC — such a large transfer may indicate institutional interest and a long-term vision.

On the other hand, if Bitcoin cannot hold above $112,000, there is a high probability of a drop to the zones of $107,000 or even $100,000. Everything is complicated by the fact that the head of the Federal Reserve will speak soon — and his words could sharply change the market mood.

Overall, Bitcoin is currently at a crossroads. There are scenarios in both directions. The question is — who will hit the gas first: buyers or sellers.