Bitcoin (BTC) is currently trading around $114,000, holding steady after a period of consolidation. Traders are closely watching the $124,000 resistance zone, which has become a critical level for the market. A successful breakout above this area could open the door for a move toward $135,000 or higher, signaling strong bullish momentum.

The setup suggests that buyers are building strength, but the next move will largely depend on how BTC reacts at resistance. If the breakout is confirmed, the market could enter a new leg higher, drawing in more momentum traders and long-term investors. On the other hand, failure to clear $124,000 could trigger another round of selling pressure and short-term volatility.

Beyond the technical picture, external factors remain key drivers. Upcoming decisions on interest rates, regulatory developments, and global economic trends may all influence sentiment across crypto markets. As always, traders should monitor both the charts and the headlines when positioning around these critical levels.

For now, Bitcoin continues to show promise, with the market leaning bullish as long as support holds and momentum builds toward $124,000. The coming week will be crucial in determining whether BTC can break through resistance and extend its rally.

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