$BTC remains positioned for further upside as long as price holds above the key support level at $111,242 maintaining this support zone would reinforce the current bullish structure, with a potential move toward the $117,469+ region as the next upside target.

A break and close above that level could open the door for a broader continuation of the uptrend. However, losing the $111,242 support may suggest short-term weakness or a deeper consolidation phase ahead.