Bitcoin Recovers Above $110,000 as $112,340 Resistance Zone Comes Into Focus

Bitcoin has climbed back above $110,000 after dipping to approximately $106,000 earlier this week. BTC trades near $110,345, up 0.96% in 24 hours, with market capitalization exceeding $2.19 trillion and daily volume surpassing $66 billion, according to CoinMarketCap. Analysts have identified $112,340 as a critical near-term resistance level based on on-chain distribution data.