Bitcoin Navigates Critical Levels: Will It Break Out or Retreat?

Bitcoin is currently at a critical juncture, with key price levels acting as potential turning points for its trend. The $113,500 resistance level, which has proven to be a strong barrier in recent weeks, could signal a breakout for a stronger rally if bulls manage to break through. However, failing to hold momentum could result in a retreat back towards the $107,500 support zone. This latter level acts as a crucial safety net during previous market pullbacks and may provide a temporary anchor for Bitcoin if it fails to break higher.