#Bitcoin❗ coin

According to FX.co, Bitcoin has formed a bullish channel since August 31, advancing from USD 107,300 towards key levels: the range of 112,500 (Murray 4/8) and the possible ceiling of the channel at 113,700. It is currently trading above the 21 SMA and the 200 EMA, suggesting sustained positive momentum FX.co.

According to TradingNews, Bitcoin is consolidating near USD 111,000 (key support), after a drop from previous highs of around USD 124,500. Relevant technical ranges: support at USD 106,000 and resistance at USD 114,000