The current situation of Bitcoin on the 4-hour frame
It is currently moving near $114,700 in a narrow sideways range between $114,500 – $115,500, reflecting a state of anticipation before a potential price explosion.
The most important support remains at $112,000 while immediate resistance is near $117,000, and breaking it could open the way towards $122,000.
Technical indicators like RSI and MACD are still neutral with a slight upward bias, indicating that the market is waiting for new liquidity to determine the next direction.