Bitcoin’s Path Unclear Amid Subwave Chaos, Faces $113,000 Resistance

Bitcoin's price is currently in a consolidation phase with uncertainty due to unclear subwave structures and a critical resistance at $113,000. Here's a summary of the key points:

Bitcoin has tested a resistance zone around $113,500 but faces bearish pressure.
The $111,000 level is crucial, aligning with significant Fibonacci retracement levels. Holding above this could allow bulls to regain control.
If Bitcoin falls below $111,000, it may decline further towards $99,000.
A recent liquidity grab at a key support zone resulted in a bounce, indicating potential bullish strength if the support holds.

Key Levels to Watch:

$113,000–$113,300: Major resistance zone
$115,000: Target if Bitcoin closes decisively above $113,300

Traders are monitoring whether Bitcoin can maintain its rebound or face further resistance challenges.

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