This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Bitcoin is currently in a consolidation phase, technically oversold but lacking clear bullish reversal signals. A decisive breakout above $114K could trigger the next upward leg, supported by institutional inflows and a favorable macroeconomic backdrop.
- Bitcoin’s next major resistance is $114K—breaking it could trigger a 25% rally toward ~$143K.
- Institutional optimism grows: Philippe Laffont predicts BTC’s market cap could double to $5T in five years.
- Technical indicators show oversold conditions (RSI 6 at 29.8), but bearish momentum persists (MACD negative).
📎 Related coverage from: coincodecap.com