Overview

• BTC is consolidating around $110k–$111k, with upside attempts repeatedly capped by the $112.5k–$113.45k zone.
• Analyst Axel Adler characterizes the setup as neutral-bearish, citing weak flows and negative taker activity that curb sustained upside.
• Failure to clear resistance raises the risk of pullbacks toward $111.5k, $110.5k, and $110k, with deeper probes near $108k if pressure builds.
• A decisive close above $113k–$113.5k could open a path to $114.5k–$115.5k, with some projections pointing to a possible $117k retest on improved momentum.
• Market rotation persists as Bitcoin dominance slips to about 55%, with altcoins strengthening and Ether nearing $4,500.