$BTC 8.5 Bitcoin price today: Bitcoin has been on a continuous rise for two days, rebounding from around 112,000 to the 116,000 area. Although the overall trend has recovered some of the lost ground, the rise of Bitcoin appears relatively weak compared to other mainstream tokens like Ethereum and ADA, with an increase of only about 3%.

This position is crucial—an ideal bullish path is to directly surge to around 117,000, then pull back without breaking 115,500, and continue to rise. If such a breakout structure can form, we can consider it a restart after a consolidation. However, if it continues to consolidate or even falls back, a defensive strategy must be considered.
In summary, Bitcoin has been trading in a small pressure zone for almost an entire night. It needs to quickly break through to above 117,000 to be safe. Other coins have risen well, generally achieving over 10% increases, while Bitcoin only has about a 3% rise. It is not advisable to continue investing in Bitcoin until it breaks through; patience is required to observe Bitcoin's next moves before making new decisions.