Bitcoin’s price has witnessed a positive climb over the last 24 hours, rising by 2%, according to CoinStats data. The daily chart shows Bitcoin trading within a tight channel, between crucial support levels of $110,597 and resistance at $111,787. 📈 A breakout above this level on the hourly chart could signal a surge towards the $113,000 mark. ⬆️ However, if the daily bar closes near the upper resistance zone, it may indicate a short-term pullback before further upward movement. On a larger timeframe, focusing on the daily closing price around $111,775 is crucial. A breakout could lead to testing the $113,000-$114,000 range soon. ⏳ At this point in time, predicting Bitcoin’s trajectory for the long-term remains challenging as the trading volume is relatively low, indicating a stalemate between bulls and bears. The more likely scenario is a sideways movement within the $110,000-$114,000 range. 📊 Bitcoin is currently trading at $111,369 as of press time.