The latest analysis of Bitcoin's price trends shows that after the previous adjustments, the price of Bitcoin is showing a trend of oscillating upwards. Although the current market performance appears somewhat weak, the bottom formation is relatively complete, and the momentum for long positions rebound is brewing.

From a technical perspective, Bitcoin has received strong support near $108,600. Investors can look for buying opportunities in the range of $111,200 to $111,600. In the short term, Bitcoin is expected to challenge the key resistance level of $115,000. If it successfully breaks through, the next target price will be $119,000.

Although the market may experience short-term fluctuations, the overall trend remains positive. Investors need not overly worry about price corrections, but rather should seize opportunities to build or increase their positions at appropriate levels. Of course, as a high-risk asset, investors also need to operate cautiously and manage risks effectively.

With institutional investors continuing to enter the market and the approaching Bitcoin halving cycle, Bitcoin still has significant upside potential in the medium to long term. However, investors should also closely monitor the global macroeconomic situation and changes in regulatory policies, as these factors may have a significant impact on Bitcoin prices.