BTCUSD

The pivot level of 111,928.55 in Bitcoin is a key reference point for short-term direction determination. Sustaining above the pivot keeps upward attempts alive, and if the level of 113,122.64 is surpassed, it opens the way towards resistance levels at 114,822.50 and 115,969.47; this area is characterized by a strong ceiling due to increasing supply. In cases of dips below the pivot, 111,218.88 should be monitored as the first line of defense; breaking this could trigger a acceleration towards 110,428.69, and a loss of 109,236.40 would open the door for a deepening of the downward trend. Given that cryptocurrencies are highly sensitive to the intraday Dollar index and interest rates, a PCE reading above expectations will gradually test the supports, while a reading below expectations will strengthen the scenario of targeting resistances.