Bitcoin Holds Above $113,900 Amid Bullish Signals as Coinbase Surpasses Tesla in BTC Holdings

Key Points

1. Bitcoin is trading between $113,900 and $118,000, showing medium-term strength despite short-term volatility.

2. Technical indicators like RSI and MACD signal recovering bullish momentum, with RSI at 56.75 and MACD showing a positive crossover.

3. Market sentiment remains optimistic, with 82% of participants maintaining a bullish outlook despite a 2% decline over 24 hours.

4. Coinbase has become the 10th largest corporate Bitcoin holder with 11,776 BTC, surpassing Tesla, indicating strong institutional trust.

5. Daily trading volume surged 27.21% to $89.2 billion, highlighting heightened activity amid price fluctuations.