
Bitcoinās daily chart reveals a market in a state of consolidation, much like a ball in full swing where the guests are trying to find a partner for the next waltz. Following a downward break from a descending triangle pattern, we see a rather intriguing arrangement of lower highs at $124,517 and a low at $108,717. At present, the price sits comfortably near $113,000, but there is a hint of a possible rebound on the horizon, with increased volume at recent lows-suggesting an accumulation of intrigue. Support sits prettily at $108,500, while resistance raises its haughty head at $117,500 and $124,500. Should the price break above $117,500, it could signal an inviting, upward journey, but beware! A breach below $108,000 might spoil the dance altogether.