Analyst: Bitcoin may face a bullish reversal if it stabilizes in the range of $113,600 to $115,600

ChainCatcher news, according to Bitcoin Vector analysis, Bitcoin is attempting to return to the range of $112,000 to $121,000. A daily close above $112,000 would be significant, while the real key lies in the range of $113,600 to $115,600.

The analysis points out that if Bitcoin can stabilize in this area, it may trigger a bullish reversal, at which point bullish momentum will regain dominance.