Bitcoin Bulls Hold Firm Amidst Volatility, Key Resistance at $112K

Bitcoin (BTC) has shown resilience in the face of recent volatility, with prices hovering near $111,320 following a brief rally to $112,600. Despite sellers regaining control in the Asian session, dip buying from both retail and institutional traders is evident, as evidenced by on-chain and derivatives data. 80,000 new jobs are expected in Friday’s U.S. nonfarm payrolls (NFP) report, which could impact Bitcoin price trends. While a decisive close above $112,000 is crucial to signal a shift in market sentiment, current volatility suggests cautious trading with short-term resistance capping momentum and structural dip buying preventing further declines.