Bitcoin continues to show resilience, holding steady above the $105,000 level. Traders are closely watching key resistance at $112,000, which could trigger the next bullish breakout if surpassed. Institutional interest remains strong, with long-term holders accumulating despite short-term volatility. Market sentiment is cautiously optimistic, supported by lower inflation data and expectations of stable interest rates. On-chain data indicates healthy network activity and declining exchange balances, suggesting reduced selling pressure. If BTC maintains momentum, a move toward $120,000 is possible. However, traders should stay alert for potential corrections and manage risk accordingly in this high-volatility environment.$BTC