Bitcoin is currently trading above a crucial support zone between $109,600 and $110,000, which continues to act as a strong foundation for buyers. As long as BTC stays above this area, market sentiment is expected to remain stable and controlled by bulls. This zone has repeatedly shown strong buying interest, preventing deeper corrections.
On the upside, immediate resistance is positioned at $112,700–$113,000, followed by a stronger barrier near $116,000. A confirmed breakout above the $113K level could open the path toward the $116K region, which may trigger stronger bullish momentum. However, until this breakout happens, Bitcoin will likely remain in a consolidation range.
The market environment is currently neutral-bullish. Analysts indicate that short-term correction pressure still exists, but no major bearish breakdown has formed yet. Institutional activity continues to play a key role, as large buyers and ETF-related demand remain supportive for long-term growth.
In terms of possible scenarios, Bitcoin must defend the $110K support to avoid a deeper pullback. Losing this support could push BTC toward $105K or lower, which is the main risk zone to watch. Overall, BTC remains stable but awaits a decisive move.
