Bitcoin Price Hovers Near $114K; Bulls Defend Crucial Support Amidst Market Uncertainty

Bitcoin’s price hovers near the $114,000 level, facing a crucial test as bulls try to defend support at $112,000. Analysts are closely watching potential breakout levels and macro distribution phases. Several key indicators point towards Bitcoin potentially reaching its cycle peak in 2025. Price analysis suggests that the market is poised for both volatility and growth, with technical signals indicating tightening ranges and increasing pressure.