$BTC

Bitcoin Market Status: Support Under Pressure at $113K

Bitcoin is currently trading near $112,859, about 8.9% below its recent ATH of $124,474. Price action is testing a critical $113K–$113.5K support zone, with resistance established at $120,700.

Technical signals lean bearish: RSI remains negative and MACD momentum shows weakness, though trading volumes suggest typical consolidation behavior.

Capital flows highlight regional imbalances: Asia recorded net inflows (+799 BTC equivalent), while Europe (-1,472) and America (-2,641) showed significant outflows. Sell orders (203 BTC) currently outweigh buys (136 BTC), adding to volatility.

Community sentiment remains divided but leans 58% bullish vs. 42% bearish, with optimism tied to institutional demand and cross-chain developments.

📌 Insight: $113K is a level worth watching, as how price reacts here could set the tone for the next move.

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Neutral, educational overview of Bitcoin’s market status, technical picture, and sentiment trends.

Where do you think Bitcoin moves next?

🔵 above $113K

🔴 Breaks down toward lower levels

🟢 Retests $120K resistance

⚪ Sideways consolidation