🟠Bitcoin has begun a recovery wave after dropping to $110K, climbing above resistance at $110,800 and $111,200. The move was fueled by a breakout past the 50% Fibonacci retracement level, but selling pressure intensified near $112,600. BTC is now holding above $111K and its 100-hour moving average, with support forming around $110,800.
🟠For the rally to continue, bulls need to secure a close above $112,550. Success could open the way toward $113K and a potential push to $114,200–$115K. Failure, however, risks a pullback, with support levels at $110,800, $110K, and $108,800. Investors should keep in mind that volatility remains elevated.