What Determines the Price of Bitcoin? It’s More Than Whales and Elon

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Bitcoin price today is around $114,000 to $114,400, following a small correction from its July peak of $123,000. Key support levels lie between $110,000 and $112,000, while resistance is near $120,000 to $123,000. 

Analysts suggest that breaking above $123,000 could open the path toward $130,000 to $143,000, while a dip below $110,000 might trigger short-term selling. Despite these fluctuations, long-term sentiment remains positive due to institutional inflows, supportive regulation, and Bitcoin’s limited supply.

Also Read – What is Bitcoin?