Bitcoin (BTC/USDT) is currently trading at $111,154.43 (+1.93%), showing signs of recovery after recent downward pressure. The price remains under the 99-day MA at $111,713.73 and 25-day MA at $114,463.22, reflecting short-term weakness despite an overall bullish long-term structure.
Key price levels:
Resistance: $114,500–$115,000 (near MA25) and $124,474 (recent peak).
Support: $111,000 (psychological level), $107,500 (24h low), and $104,987 (stronger support zone).
BTC is holding above the 7-day MA at $109,951, signaling buyers are still defending critical levels. A breakout above $114,500 may open a path to retest $124K, while a drop below $107,500 could push price toward $104K.
Despite short-term pullbacks, BTC maintains a strong long-term uptrend, gaining 90% over the past year and 25% in the last 180 days, reinforcing bullish momentum and investor confidence.
