The price of Bitcoin is influenced by various factors such as market supply and demand, macroeconomics, and regulatory policies, which creates a high degree of uncertainty and makes precise predictions difficult. However, an analysis can be made based on the current market situation as follows:

Short-term trend: Bitcoin is currently under pressure from the resistance level of $114,500 to $115,000, oscillating around $114,400. It briefly broke the channel over the weekend before rebounding, and a large bullish candle on the daily chart ended a six-day downtrend. The bearish momentum of the MACD has noticeably reduced, but the upward rebound momentum is still insufficient, showing signs of a pullback in the short term. It is expected that the overall trend will be mainly consolidating in the next three days.
Resistance and support levels: From the short-term 4-hour perspective, the price has risen above the middle track, and a high short and low long strategy may be considered. The upper resistance levels to watch are around 115,000, 116,000, and 117,000 USD; if the price rebounds to this area, it may face resistance and fall back. The lower support levels to watch are around 113,000, 111,870, and 110,480 USD, where the market may gather momentum in these support zones.
Institutional Forecast: Citigroup released a report stating that Bitcoin is expected to rise to $135,000 by the end of 2025, with an optimistic scenario potentially soaring to $199,000, primarily driven by strong demand for the U.S. spot Bitcoin ETF and other factors. However, in a pessimistic scenario, if the regulatory environment for cryptocurrencies worsens or the global economy becomes unstable, the price could fall to $64,000.
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