Bitcoin surged to a historic high of $112,000 this week, breaking previous records and confirming a bullish momentum shift. However, geopolitical tensions, particularly US President Trump's tariff threats, caused a pullback, showcasing Bitcoin's sensitivity to macroeconomic news.

Analysts emphasize the importance of Bitcoin holding its position above key moving averages, such as the daily EMA 8, which could signal continued bullish support. The current retreat is seen as a possible healthy consolidation phase, not uncommon after significant price rallies.

Despite market volatility, Bitcoin is demonstrating resilience, cementing its role as a macro hedge. Analysts suggest that surpassing $115,000 might confirm a sustainable bullish phase, reinforcing Bitcoin's recent breakout as part of a longer-term uptrend. Nonetheless, the road may be rocky, contingent upon broader market dynamics and technical levels holding firm.

With focus on support zones like the 34-period EMA around $107,800 and the 50-SMA at $106,273, Bitcoin's ability to maintain these barriers could prevent a deeper correction and sustain its upward trajectory.