#Bitcoin Market Update Current Situation in the Bitcoin Market
Bitcoin is currently trading around $112,347. During the day, its movement has been between $110,685 and $112,866. This shows that the market is in a consolidation phase meaning price is stable within a range, but momentum is weaker compared to recent weeks.
Support and Resistance Zones
On the downside, the most important support zone is between $110,000 – $104,000. If this zone holds, the market can build a base for the next upward rally.
On the upside, the key challenge is the $120,000 resistance level. A breakout above this zo