Bitcoin (BTC) $109,341.21 has rebounded to nearly $113,000, signaling a potential pause to its three-day losing streak. Other major cryptocurrencies are tracking BTC’s movement, with further gains largely dependent on Bitcoin overcoming critical resistance levels.

“Much will depend on the ability of bitcoin bulls to surpass important resistance at $113,500 and $115,000. Success could restore the broader uptrend, while failure would heighten the risk of a correction,” said Alex Kuptsikevich, senior analyst at FxPro, in an email.

Traders and investors are closely watching these levels, as breaking through them could determine the market’s next direction.