Overview

• BTC notched an intraday high near $116,743 before settling into consolidation around $115,000, with immediate resistance flagged at $116,000–$116,750.
• Traders are watching support around $114,900 and $113,750, with a deeper floor near $110,500 that, if lost, could accelerate declines.
• The market is digesting a quieter phase after 2025 highs near $125,000, leaving price boxed into a mid‑six‑figure range awaiting a catalyst.
• Institutional participation remains influential, with one report citing spot Bitcoin ETF assets near $160 billion versus about $180 billion for gold ETFs.
• Corporate buying has contributed to the bid, including MicroStrategy’s July purchase of roughly $472 million in BTC at an average price of about $111,800, while upcoming U.S. macro data and Federal Reserve signals are viewed as near‑term drivers.