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The price of BTC has recently shown a significant rebound, having broken through the $111,500 mark after experiencing fluctuations over the past few days.
Relative Strength Index (RSI) is currently at 60, indicating that BTC is in a neutral zone. The Moving Average Convergence Divergence (MACD) also paints a bullish picture, with the MACD line above the signal line.
If the BTC price prediction continues to hover around $111,000, it may encounter significant resistance at $120,000 and above, triggering a new round of consolidation. On the downside, Bitcoin has strong support at the $105,000 level, and buyers may enter to stabilize the price.