Bitcoin Price Recovers to $114,000 Amid Resistance Challenges

Bitcoin Price Update

Bitcoin is recovering from a low of $112,400 and trading above $114,000.
Current resistance levels are at $114,800 and $115,000.
A bearish trend line is forming with significant resistance near $114,800.
If BTC surpasses $115,000, it may test $118,400 and aim for $120,000.
Key support levels are at $113,500 and $112,400, with major support at $108,000.
If Bitcoin fails to break $115,000, further declines could occur towards $110,000.

Technical indicators show the MACD losing momentum in the bearish zone while RSI is above 50.