🚀# Bitcoin Rebounds Above $112K # Bulls Back in Action?

After slipping below $108,000 earlier this week, #Bitcoin has made a sharp rebound, climbing close to $112,700.
Analysts point out that the move came right after a decline in gold and silver prices and softer U.S. inflation data, giving traders confidence to re-enter risk assets.

💡 Key Highlights:

BTC surged from $108K to above $112K within hours.

$112K acts as a major resistance zone — a clean breakout above it could open the path toward $118K and beyond.

On-chain metrics suggest growing institutional inflows and renewed ETF demand.

Failure to hold above $112K may lead to short-term consolidation around $109K–$111K.

📊 Market Sentiment:
Optimism is returning, but traders are watching whether BTC can close above $112K on the daily or weekly chart to confirm the bullish breakout.