Bitcoin remains above $110,000 after reaching a new all-time high, indicating the potential for a strong bullish trend.
Despite a 38% slowdown in momentum post-breakout, analysts view this as a healthy technical cooldown typical after surpassing previous highs.
Bitcoin faces a crucial test above $110,000 amidst macroeconomic uncertainties and increasing institutional interest, with $115,000 level proving to be pivotal for a new bullish leg.
Technical analysis shows BTC consolidating around $111,000, maintaining bullish indicators, but a drop below $107,000 could signal a weakening momentum and potential correction towards $103,600 support.