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Bitcoin is consolidating just below the critical $112,500 resistance level, with analysts watching for either a breakout toward $124,000 or a rejection back to support near $106,000. A confirmed MACD golden cross signals bullish momentum, while whale balances show signs of profit-taking. Key US economic data this week could add further volatility to Bitcoin’s next major move.
- MACD golden cross confirms bullish momentum shift with upside targets at $124K–$126K if $112.5K resistance breaks
- Whale balances drop below 3.36 million BTC after months of accumulation, signaling potential profit-taking
- Key US economic data (CPI and jobs report) could influence Fed policy and Bitcoin volatility this week
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