$BTC 🔥 Update: A Critical Test at $111K! 🔥
Bitcoin is navigating a pivotal moment! After a volatile period, BTC/USDT is currently trading near $111,115, fighting to hold the $111,000 support level after a -7.87% drop over the past week . The daily chart shows a battle between bulls and bears, with the price down roughly -1% in the last 24 hours .
The king of crypto is testing a key juncture. While the medium to long-term trend remains positive, short-term technical indicators suggest a neutral to cautious stance as the market digests recent moves . The immediate resistance to watch is the 24-hour high of $113,622, while a break below $110,666 could signal further downside .
Is this a healthy pullback before the next leg up, or a sign of a deeper correction?
Are you buying this dip or waiting for more confirmation?
👉 Like if you're holding strong | Share your next price target in the comments!