$BTC As of today, Bitcoin is trading around $112,130. Overall, there is a consolidation, and the market is anxiously awaiting the next move.

🔻 Support is currently holding at the levels:

• $112,000 — the nearest zone that buyers are holding onto.

• Below — an important level around $110,000. Its breakthrough could accelerate the decline.

• And in case of strong downward pressure, demand may only emerge at $108,000.

🔺 Resistance — the key to reversal:

• The most important zone — $115,000–$116,800. So far, Bitcoin is approaching it but retracing.

• If we break above — the path opens to $118,000–$119,500.

• Further — a possible target around $120,000, but this requires a strong impulse.

📌 By the way, technically, a “falling wedge” pattern is currently forming. Usually, such a signal indicates a possible rise if a breakout occurs upward.

🎯 What to watch:

• Will buyers hold $112k?

• Can the bulls push through and break $116.8k?

• Or will we see a retracement to $110k and below?

The situation is at a tipping point — we are watching for a breakout of the range. A large movement may happen very soon.