The price of Bitcoin recently reached the key level of $117, attracting market attention. This price point has previously played an important support role in earlier trends, and now that it has returned to this area, investors are speculating whether it will spark the interest of institutional investors.

Analysts point out that observing the rebound situation at this price level is crucial. If the rebound is accompanied by low trading volume, it may suggest that institutional investors lack enthusiasm for the current price range. Meanwhile, the influence of retail investors is limited, making it difficult to support the market. Additionally, sellers at high levels are still seeking liquidity, and these combined factors may lead to a further decline in Bitcoin prices.

According to preliminary estimates, the next potential demand zone may be between 111 and 112 dollars. Market participants are closely monitoring the trend of this key price range to determine the future market direction.

Under the current market conditions, investors should remain cautious and closely follow changes in trading volume and the movements of large institutions. These indicators may provide important clues for the future short-term price trend of Bitcoin. At the same time, the overall liquidity situation of the market is also worth paying attention to, as it may affect the support and resistance levels of the price.