By analyzing the #Bitcoin chart on the 12-hour timeframe, we can see that after finding strong support near $103,500, BTC has continued its recovery and recently reached $111,700. The key question now is whether the price can break decisively above the $112K resistance zone.
The $103K–$105K range still acts as a major demand area, while the $109K–$112K zone remains short-term resistance. A confirmed breakout above $112K could open the door toward $113,800, $116,000, and $119,600, while rejection from this zone might trigger another pullback before continuation.
Overall, the structure remains neutral-to-bullish, and volatility is still high — you guys should stay alert for a confirmed breakout before the next big move develops.
Trade at your own Risk 👍
Best Regards, Trade Cryptocurrency
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