Bitcoin Approaches $115,800 – Resistance at $113,400 Awaits

Bitcoin’s price has surged over the past week, reaching nearly $112,361, a gain of 4.4% in seven days. This latest surge brings Bitcoin closer to a significant resistance level at $113,400, a zone that traders are closely watching for potential breakout towards the next target, $115,800. However, BTC’s price action is showing some hesitation just below this level. The recent 4-day rally has been marked by rejection at both the 4H 200 MA/EMA, indicating a lack of consistent momentum and pressure on short-term direction.