Current Bitcoin Price Dynamics: Bitcoin is trading around $109.7K, facing resistance at $112K and support at $108K. A breakout above $112K could lead to a rally towards $116K–$120K, while a drop below $108K risks deeper losses, targeting $105K–$103K.
Market Sentiment and Predictions: Despite short-term volatility, institutional accumulation suggests a positive long-term outlook for Bitcoin. The market is currently in a neutral state, with expectations of an imminent breakout or breakdown as price levels tighten.
