Bitcoin is currently trading around $113K–$115K, down about 4% from its recent all-time high above $124K. The drop is mainly due to profit-taking and cautious sentiment as investors await cues from the U.S. Federal Reserve on possible interest rate cuts. Analysts suggest the market is entering a consolidation phase, with long-term outlook still bullish if economic catalysts like monetary easing support crypto demand.
Would you like me to also give you key support and resistance levels for Bitcoin in this phase?
