Bitcoin News
By Evie Vavasseur
1 / 15
Bitcoin Faces Rejection Near $110,500. After briefly attempting to recover, Bitcoin (BTC) once again met resistance near the $110,500…
2 / 15
Key Resistance Levels Ahead. If buyers attempt another rebound, Bitcoin could face significant resistance around the…
3 / 15
Risk of Deeper Losses. On the downside, immediate support lies at $107,400, coinciding with the 76.
4 / 15
Market Outlook: Sentiment Weakens. The renewed decline in Bitcoin has weighed on the broader crypto market, with major altcoins also…
5 / 15
Bitcoin’s price has resumed its decline, slipping below the $110,000 mark as selling pressure intensifies across the broader crypto market.
6 / 15
After briefly attempting to recover, Bitcoin (BTC) once again met resistance near the $110,500 pivot level and failed to maintain its upward momentum.
7 / 15
Market data shows that BTC dropped below the 50% Fibonacci retracement level of the prior rally from $106,312 to $111,000, signaling a breakdown in short-term bullish structure.
8 / 15
At press time, Bitcoin is trading below $109,000 and remains under the 100-hour Simple Moving Average (SMA) — a technical signal often associated with weakening momentum.
9 / 15
If buyers attempt another rebound, Bitcoin could face significant resistance around the $109,500–$109,800 zone, followed by a stronger barrier at $110,500.
10 / 15
A sustained move above this level could help BTC regain short-term strength, potentially pushing the price toward the next resistance at $111,200.
11 / 15
However, analysts caution that any recovery attempts are likely to be limited unless Bitcoin manages to close decisively above $110,500 — a level that has repeatedly capped gains…
12 / 15
On the downside, immediate support lies at $107,400, coinciding with the 76.4% Fibonacci retracement level from the last recovery wave.
13 / 15
The next major support zones are located near $106,500 and $105,500, both of which have previously acted as strong buy zones during pullbacks.
14 / 15
Below $103,500, technical analysts note that Bitcoin could enter a prolonged consolidation phase, making short-term recovery efforts increasingly difficult.
15 / 15
The renewed decline in Bitcoin has weighed on the broader crypto market, with major altcoins also showing mild losses amid weakening investor confidence.
The Currency Analytics
Want the full story?