Bitcoin Holds Key Support Levels

🔵Bitcoin is trading around $111,000, stabilizing after a volatile week while defending a key trendline in the $108,000–$109,000 range. The technical setup remains moderately bullish: the price continues to trade above the 100-day and 200-day moving averages, indicating that buyers are still in control.

🔵A breakout above the $115,500–$117,500 resistance zone could pave the way toward $122,000–$125,000. On-chain data shows a net outflow of $28 million, suggesting cautious accumulation by investors. Analysts view the current consolidation as a preparation phase for the next leg up. With the Federal Reserve’s softer policy stance and growing ETF inflows, projections remain optimistic — some experts see Bitcoin reaching $150,000 by year’s end.