Bitcoin is currently trading at $115,934, reflecting a market capitalization of $2.30 trillion. Over the past 24 hours, the leading cryptocurrency recorded a trading volume of $27.62 billion, with price action confined to an intraday range between $115,157 and $116,541. This consolidation follows a notable recovery from a recent low near $107,270, which saw Bitcoin surge past the $117,000 mark, demonstrating renewed bullish momentum. Market analysts are closely monitoring key resistance levels as traders position for a potential push toward $119,000. Despite the upward trajectory, some indicators suggest momentum may be wavering, prompting cautious optimism among investors. The broader market remains attentive to macroeconomic factors and institutional flows, which continue to influence cryptocurrency valuations. As volatility persists, technical analysis points to critical support zones that could dictate near-term price direction.
