🚨 Bitcoin consolidates above $114,000: heading towards new highs? 🚀

Bitcoin maintains the key support of $114,000, after closing July above $115,800 for the first time in its history. Despite recent outflows in ETFs, the market remains optimistic thanks to:

🔹 Expectations of rate cuts by the Fed

🔹 Strong institutional accumulation (MicroStrategy bought 21,000 BTC at $117K)

🔹 Bullish technical pattern projecting a possible target between $133K and $172K

📉 Downside risk if it breaks $114K–$112K, which could take it to levels close to $104K.

📊 In summary:

➡️ Bullish trend ongoing if it respects $114K

⚠️ Caution if it loses key support

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