$BTC is currently trading at $114,615.10, maintaining a strong upward trend in the cryptocurrency market. The main support level is around $112,000, where significant buying interest has been observed in recent pullbacks. A stronger support zone lies near $108,500, which acts as a crucial threshold to sustain long-term growth momentum.

On the resistance side, the first major barrier is at $116,500, a level where sellers have historically taken profits. If Bitcoin surpasses this level, the next barrier is near $120,000, which could trigger a potential price increase towards new all-time highs.

Currently, Bitcoin's price movement reflects market confidence, supported by demand from institutions and positive sentiment. Traders may watch for a breakout above $116,500 as a signal to continue bullish momentum, while a drop below $112,000 could indicate a short-term correction.