Bitcoin is maintaining its upward momentum after successfully testing the FVG zones around $111,400–$111,600, which serve as a solid support cushion for the rally. Currently, BTC is approaching the $112,000–$112,500 resistance area, coinciding with the upper Ichimoku cloud boundary and a red FVG, where selling pressure could emerge. Failure to breach this zone may trigger a short-term pullback before the uptrend resumes. Trading volumes have weakened recently, but a rise accompanying green candles would increase the likelihood of a strong breakout.
On the news front, interest in cryptocurrencies remains high amid global economic uncertainty, the expansion of DeFi and NFT markets, and cautious US monetary policy alongside inflation concerns. These factors continue to position Bitcoin as a short-term safe-haven asset.
On the news front, interest in cryptocurrencies remains high amid global economic uncertainty, the expansion of DeFi and NFT markets, and cautious US monetary policy alongside inflation concerns. These factors continue to position Bitcoin as a short-term safe-haven asset.
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