$BTC / USDT – Key Market Range
Current Price: US $112,172
Maximum 24 h: US $112,468
Minimum 24 h: US $110,258
Bitcoin is consolidating its position around US $110K–$113K, after a correction from recent highs (above US $124K). The fundamental support has been located between US $109K–$110K, and the zone of US $113K–$114K has acted as firm resistance. The market shows signs of resistance among weak participants (bull trap), while structural investors seem to be building a solid base for a possible technical rebound.
Key Levels to Watch
Resistance: US $113K–$114K – a clean break here could pave the way toward US $117K–$120K, even above US $123K.
Support: US $109K–$110K – a sustained break below this level could trigger a correction toward US $107K–$105K, and even US $100K if volatility worsens.
Entry (long): Above US $113K, ideally with confirming volume.
Targets: US $117K → US $120K → possible extension toward US $123K+.
Stop Loss: Below US $109K.
Outlook
Bitcoin is in a consolidation phase that many analysts interpret as a technical pause before a new impulse (bull trap deactivated). The recent profit-taking and liquidation of leveraged positions contributed to the correction, but the strong support resistance suggests that the structural bias remains bullish.
A significant break above US $113K–$114K would confirm a new bullish leg. However, a breakdown below US $109K could imply extended consolidation and accumulation before a recovery.
