$BTC 8.5 Bitcoin price today: Bitcoin has been rising for two consecutive days, rebounding from around 112,000 to the 116,000 region. Although the overall trend has regained some lost ground, the rise of Bitcoin appears relatively weak compared to other mainstream tokens like Ethereum and ADA, with an increase of only about 3%.

This position is very critical - the ideal bullish path is to directly rise to around 117,000, then pull back without breaking 115,500, and continue moving upward. If such a breakout structure can form, we can consider it as a restart after a consolidation. However, if it continues to consolidate or even falls back, then a defensive strategy must be considered.
In summary, Bitcoin has been hovering in a small pressure zone for almost an entire night. It needs to quickly break above 117000 to be safe. Other coins have shown good gains, all basically reaching more than 10%, while Bitcoin is only around 3%. It’s not advisable to jump in before Bitcoin breaks through; it’s better to be patient and wait to see its next moves before making new decisions.
#PI# #GT # ETH