If Bitcoin can hold support near $114,000 and push through the $116,000 barrier, the market could see momentum build toward $118,000 and potentially $120,000. This would likely require strong institutional buying and favorable macroeconomic conditions.
On the other hand, if the price fails to break resistance and selling pressure increases, Bitcoin could slip to $112,000, and in a more bearish scenario, fall to $110,500 or even $108,500. Such a decline could be triggered by negative economic news, regulatory developments, or a sudden loss of investor confidence.
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