Bitcoin Faces $113,000 Resistance Amid Short-Term Risk

Bitcoin is currently facing resistance near the $113,000 to $114,000 range, with the stablecoin ratio signaling potential short-term risk. This resistance zone, combined with the stablecoin ratio channel entering historically risky territory, suggests that traders may soon lock in gains by rotating into stablecoins. Such rotations are common near known resistance levels and could indicate a temporary pause or reversal in Bitcoin's bullish momentum.

Despite these short-term concerns, long-term metrics remain bullish. The long-term oscillator is currently in the mid-range of its historical cycle, a zone that has previously acted as a consolidation or healthy correction point rather than a peak. Additionally, ample stablecoin reserves are still on the sidelines, providing liquidity support for Bitcoin to resume its uptrend after any short-term cooling. The long-term structure does not yet reflect distribution or late-cycle risk, suggesting that the broader bull market may still have room to run.

Investors should closely monitor the $113,000 to $114,000 resistance zone. A rejection at this level could trigger a wave of BTC-to-stablecoin rotations, leading to a healthy correction. Conversely, a strong breakout above this range would invalidate short-term caution and bring renewed momentum. The long-term oscillator indicates there is still room for upside, keeping the broader bull structure intact if liquidity remains favorable.