Bitcoin Price Holds Near $113K, Focus Shifts to Key Support Zone

Bitcoin price hovers near $113,000 as analysts closely watch the critical support zone around $112,000. Market sentiment remains cautiously optimistic, with new buying and profit-taking observed alongside institutional adjustments. While institutions like BlackRock trimmed their Bitcoin holdings, they are maintaining substantial reserves through the IBIT ETF that has reached record $91 billion in assets under management.