Bitcoin is trading around 114,697 USD, with a slight intraday decline. The day's range moved between 114,574 USD and 115,579 USD, reflecting moderate volatility. On a technical level, some analysts warn that the price remains within a downward channel since mid-August, although they maintain that if it breaks above 116,000–117,000 USD, it could initiate a new bullish momentum. Additionally, an accumulation pattern is observed: large amounts of BTC recently entered exchanges (about 60,000 BTC), while whales remain calm, suggesting contained selling pressure. In summary, Bitcoin is operating with caution, surrounded by technical signals pointing to a possible rebound if it manages to break nearby resistances.