Bitcoin is consolidating above 111,000 dollars.

Bitcoin continues to trade within a narrow range without a significant breakout in the last 24 hours. During this process, a notable increase in trading volume has been observed to maintain the support level. However, upward movements faced supply at the upper band.

The next move is dependent on a clear breakout. If Bitcoin manages to stay above the current high, it will target the next resistance level. Otherwise, if support is lost, a return to previous low levels may occur.