Bitcoin Bulls Retake Control as Price Hits $112,000 — Analysis

Bitcoin’s price surged past the crucial $112,000 mark on Wednesday, signaling renewed bullish momentum in the crypto market. Traders are strategically testing key support levels, with Bitcoin attempting to reclaim a critical region that has acted as a haven for buyers. This action showcases the resilience of the ‘bull market support channel’, providing a clear path for further upward movement.