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BTC consolidates below 113,000 as daily rally momentum cools
BTC is consolidating in the sub-113,000 USDT zone, currently trading around 112,991.43 USDT. The 24-hour upside momentum has noticeably tightened to 1.51%, signaling a potential consolidation phase after recent moves.
This price action near the 113,000 level represents a critical support zone. The narrowing gains suggest profit-taking activity, with traders reassessing positions ahead of potential next directional moves. Market participants are closely watching whether BTC can maintain support above 112,900 USDT or if further consolidation develops.