The analysis begins by noting Bitcoin's current trading price at $113,884 with a daily volume exceeding $56.3 billion, representing a 2.25% increase over the last 24 hours. It mentions the core Producer Price Index (PPI) dropping by 0.1% month-over-month and annual core inflation easing to 2.8% from July's revised 3.4%. The analysis suggests this weaker wholesale inflation data fuels hopes for a more accommodative Federal Reserve. There is a mention of CBOE planning to launch 10-year Bitcoin and Ethereum futures, pending approval. The technical outlook notes Bitcoin consolidating beneath a breakout level at $113,800, displaying an ascending triangle pattern on the 2-hour chart, characterized by higher lows pressing against flat resistance. It suggests a close above $113,800 could lead to an upside towards $115,400, $117,150, and $118,617, with a sustained breakout potentially lifting BTC toward $125,000 in the medium term. Failure to hold above $112,000 would weaken the bullish case, risking a slide back to $111,000, $110,000, and $108,450. The 50-period SMA at $111,896 is trending upward, while the 200-period SMA at $112,738 sits directly below price action, reinforcing support. Traders are favored on confirmation above $113,800 with stops under $111,000, targeting $117,000 to $125,000.