Bitcoin is consolidating just below the critical $112,000 resistance level, signaling a potential major breakout in the final phase of the bull cycle.
Rising realized prices for both short-term and long-term holders indicate renewed confidence and healthy accumulation, supporting the bullish thesis for Bitcoin.
On-chain data and market dynamics suggest that a breakout above $112,000 could lead to price discovery and ignite a broader market rally.
BTC is trading at $108,910, holding strong above key support levels as it respects higher lows, with $109,300 as a critical resistance level to watch for potential bullish momentum.